Really cute graduation present here. It reads Aww Shucks I'm a Graduate and I think the slot is for your mortar board or graduation cap but it could also be used to hold a graduation photo. This is also a music box and it plays quite loudly "Pomp and Circumstance.," an electronic tune version of it. This measures about 8 inches in length. I don't know who the bear is but he is cute and the tassel hangs off of his little mortar board. Condition is "Used". Shipped with USPS Priority Mail.