racelet
n.— «Toyota, Bridgestone/Firestone and CARA combined in April to produce the bracelet, or ‘racelet’ as they have become known in racing community. The bands, which are sold for $2 at most major open-wheel racing events, supports CARA Charities’ “Buckle Up Baby” program.» —“Sales of CARA Charities ‘racelet’ top 30,000 mark” PaddockTalk July 29, 2005. (source: Double-Tongued Dictionary)