It's a horn ring with a slick Olde English F in the center. The important part is that the center of the ring opens up into a compartment with a make-up mirror and lamp. At one time it was padded with that flocking that used to get sprayed onto things in the 50s. It was intended as a make-up compartment but there are all kinds of alternate uses. Does anyone know where this horn ring might have come from? The F style is nothing I can place and I don't know of any company that marketed cars to women so heavily as to include a make-up mirror in the steering wheel.