As I understand the rules:
Game set up:
Private Match
Search and Destroy
Friendly fire disabled
All time limits disabled
Kill streaks disabled
Setup a class with:(Speed kit)
Lightweight Pro (so you can escape quickly)
Marathon Pro (so you can escape quickly)
Ninja Pro (so you can jump off buildings without damage)
Smoke grenade x2 (used to help friends evade mike myers by stunning him)(not to be used by Mike Myers)
Tactical Knife (unlock with any pistol) ESSENTIAL
Weapons:
Victims
Select an SMG as a primary weapon it is lightweight and doesnt slow you down. I pick a hand pistol, with the tactical knife attachment, as a secondary weapon and switch to this immediately at the start of a game so I can run faster. Guns are never actually used, as it is a knife-only match, and even then you cannot kill until you are the Last Alive. If a game drags on you can fire a few rounds of your gun, as long as it isnt silenced, to give the MM a clue as to your position on the map.
Mike Myers
Speed kit class (as explained above)
Pistol of choice with tactical knife attachment (normal knife can be used but MM will obviously be at a disadvantage)