Old Tool-Need Help Identifying it Please

Hi guys,

I have this old tool that I found at an estate sale and would like to know what this is and what it's used for? I have never seen anything like this before.

 

Something like this: https://www.rcm-machines.com/en/machines/banding/universal-bending-machine/rcmub

 

https://www.aliexpress.com/i/3256802715801238.html?gatewayAdapt=4itemAdapt

 

I like the last Selling Point in the AliExpress ad :

• prevents hair tangles: Using this frame at the same time and place it in a few minutes, you will work for a quick and effective exercise whenever you are running.

 

Apparently copied from some other product.........

 

Yeah, Or looking at the other Selling Points they had I suspect it was a really bad translation.