Abstract: A convertible emergency device for enabling a user to deploy a floatation device from a wearable structure in an emergency situation. The convertible emergency device comprises in one embodiment waist pack which can convert to an inflated life vest by actuation of a pull cord. Such actuation of the pull cord causes portions of the body of the waist pack to automatically inflate with air from a gas cylinder canister. The convertible emergency device comprises in another embodiment a backpack configured to convert into an inflatable life boat having a pair of oars. When in the backpack state, the uninflated life boat is releasably attached to the shoulder strap and the oars, with the pair of oars disposed on the either side of the uninflated life boat. When a pull cord is pulled, the life boat is inflated to enable it to provide a floating vessel for a user.