It has come to my attention that all the important people in the world wear watches. If you are VERY important then you generally have important people around you… who are wearing watches.
George W Junior has been seen wearing a watch, but he is an important person wannabe.
By the way, a watch consisting of the output from a permanent marker does not count.

I once heard of someone who had a very groovy watch they gave you useless tips. It was also great for annoying people. The tips came through so slowly it was like have multiple tips.
The tip was that watching them would make the time fly by