Oh that is Princess Miranda Watty's engagement ring .
Legend has it , Princess Miranda Watty knew classified information about the Megalo Group ( which CEO was Doun Cavalier ), as well as personal shady secrets about Doun Cavalier himself , involving his son Doun Giuvango Cavalier and a homosexual relationship with Hapisto Stalone.
Thus , Mr Cavalier CEO , before passing out , proposed to Princess Miranda Watty giving her an engagement ring designed to keep her always quiet: the " pesteRING " .
This ring makes the wearer to remain quiet. You canot talk or send messages if you have the pesteRING on.
That is why the only Princess Miranda Watty NPC in the game , says "Conversation with NPC canceled" when you try to talk with her.
Doun Giuvango Cavalier, when he took the presidential chair of the Megalo Group, decided to make digital versions of the pesteRING, to be given to Tricksterians who are being loud.