Hi again...
Help the classically challenged again please.
My first car was a '65 bug when it wasn't ten years old. I've seen and worked with plenty of tools but I can't figure out how this thing works. (Another attic treasure...)
This looks like the predecessor to the timing light.


Those rings are spring steel.

I Googled this kit number yesterday and found many references to its presence but no detail on how it worked.
What in the hell are those rings for?
And into what was that dial chucked?
Thanks again.
-Dave