Sorry, Stonebrain, I guess it is a generation thing. I thought everyone would know what it is and how it works. I have to take my wife to the International Quilt Festival today, but tonight I'll take it apart and post pictures. The questions and comments got me to thinking, it is actually such a simple design. With the power of small Neo magnets it would be easy to make a small hand spun generator for a ringing circuit. I would bet that with HD magnets you might generate 100 volts or so just by flipping the shaft with your fingers. Might be a use for the thousands of feet of tiny magnet wire I have left over. With my eyes getting old, I don't build many small custom transformers any more.
One use I remember this thing being put to, (NOT LEGAL, don't even try this, Especially in a metal boat) was to toss a weighted wire over each side of a boat and cranking like mad, excited the fish to no end and made fishing more fun. Do it wrong, however, and you could learn to dance the jig at a tender age, even on water.