It's a watch...with a lid?
Do watches need lids? This one apparently does, or it's some kind of gimmick. This is a typical 'kiddie watch' with a flip top cap. The face is Sonic, Tails & Knuckles classic style in the 'trio pose' of neoclassic art. It's kiddie because the time part is just that little cheap window rectangle instead of a real watch face. (All the more puzzling for a lid) The lid has that flat, cut rubber commonly for keychains.

It's also blue, and has a classic Sonic face. The band is set to look like a chain, but it is also blue rubber. This watch comes in a bit of a fancy package, however. It comes in a nice looking blue & tan metal tin. The tin has an up close forward-facing Sonic face in the top, and blue checkered edges. This appears in fall 2019, but where is it sold? It could be at ROSS, but might also appear on Amazon.