Wow thats giant, I would stand with it looking into the mirror and laugh at how ridiculously huge and weak it was. Anyway, its still a great buy for $10. I say preserve it, it will give you something to show off in the future
Draper.. My best guess as a home theater nut(my other hobby.. 3-tubed CRT beasts) is that this is the company that makes many of the projection screens us HT nuts use ;D. The laser was probably used to assist in aligning the projector and screen.
Still an awesome find! I bet it does have some decent value as a collector's item...
It's a drapery company...Maybe it's roughly the size of a curtain rod? When putting up two supports for a curtain rod: Put up the first one, put this thing in it, use the dot to align where to put the second support for the other side of the window/door. Maybe it's a curtain leveler?