A releasable vest having a first panel, at least one shoulder strap element having at least one shoulder strap element attachment opening, a first waist belt element having at least one waist belt element attachment opening, a second waist belt element having at least one an attachment loop that is capable of being aligned with and passed through a waist belt attachment opening of the first waist belt element and a shoulder strap element attachment opening of the at least one shoulder strap element, a second panel, and a release lanyard that is capable of releasably securing the first waist belt element and the at least one shoulder strap element to the attachment loop.