This style of watch fob was originally intended to hang a pocket watch and fobs from a button hole, usually a lapel button hole to hang into a breast pocket. The toggle is used to attach to the button hole and the swivel clasp holds the watch.
Mother-of-pearl tambourine and claw charms with glass stones
Measures about 5 inches long from top of swivel clasp to bottom of claw charm. Claw charm is 1 1/4 inch across and tambourine is 1/2 inch across