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What is that red and green thing pinned on BBC presenters occasionally?

Asked by timtrueman (5765points) November 8th, 2010

I’ve seen it a few times on Top Gear and Formula 1 presenters. I assume it’s a BBC or UK thing…can someone clue me in as to its significance?

Photo example of three presenters wearing it: http://bit.ly/d2acWl

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