This is a brand new NSA Lanyard. It is blue with the words National Security Agency embroidered in yellow. It has a metal clip and keyring on the end. It has a plastic clasp that snaps together so that you can pull off the key to use it without taking the lanyard from your neck. If you are required to wear a badge or a nametag at work, this is a great way to make yours standout from other employees. It is also a good way to carry your house key when jogging.... Great conversation piece, and a rare unique item.It also makes a great stocking stuffer or Christmas gift.