Nokia Nenya - control your cellphone by a ring on your finger
blog.jitbit.com
blog.jitbit.com
For example: contactless smart cards. Put them in ring form. Then you just have to wave your hand at the reader for them to work.
The actual product seems a bit shit though. Not to mention pointless.
Oh, the irony.
Concepts are basically what happens when a person who can draw goes "dude, wouldn't it be awesome if X?".
No, it's not: http://research.nokia.com/files/public/2011-01-12-Ashbrook-C... [pdf]
...which begs the question, why not just control the phone via the bracelet directly if the user needs some kind of remote control facility?