multiple connections to the same server?

How can I have more than one connection open to the same device? Do I really have to make more than one entry for the same device? I dont know if this is a feature request or does this functionality already exist?

Id really find it useful to be able to double click a session that is already open and have it open a new session to the same device. My use case is mostly for SSH shell connections, I often am running a script or something that outputs to a log file and I would like to open a new session to "tail -f" the log file as it runs. Thats just one example anyway. Most terminal ssh programs I've seen offer this functionality.