Bigben013Naw, its a presentation device used primarily for teachers or instructors to display a small object on a bigger screen for a whole class to see. These kinds of things have been around for quite some time, and some teachers call it a "Big Eye" or something similar. It could probably be used as a webcam assuming the software doesn't lock it down, though.
It would probably be a fairly useful tool for some kinds of Youtube content as well, like reviews of small objects and such, but I'm pretty sure you could just buy a fancy smartphone arm that could achieve the same thing.