2" dia. 1930s style pocket watch with plated metal case is running but accuracy over 24 hours is uncertain. Mickey's pants are unbuttoned and he holds his large black penis in one hand. Minnie, w/coy expression on her face, is lifting the front edge of her skirt. One version of this watch with pair of wires on case to hold it to leather band was made by Photorific Products and came in plain generic box c. 1972. That version has Minnie in green outfit. This version, without wires and with Minnie in red outfit, was made by Al Horne, then of Philadelphia. We don't know who stole whose design but both versions are rare examples of "X-rated" unauthorized Disneyana. Trivial loss of luster on case back. N. Mint. Hand-colored dial. Few made.