I'd think twice before accepting a gift wristwatch from the guy.
LOL!!
I take it you are referring to Walken's memorable character in Pulp Fiction, Vietnam War Vet, Air Force Captain Koons, when he addressed Bruce Willis's character as a young boy.
Captain Koons: The way your dad looked at it, this watch was your birthright. He'd be damned if any of the slopes were gonna get their greasy yellow hands on his boy's birthright. So he hid it in the one place he knew he could hide something: his ass. Five long years, he wore this watch up his ass. Then when he died of dysentery, he gave me the watch. I hid this uncomfortable piece of metal up my ass for two years. Then, after seven years, I was sent home to my family. And now, little man, I give the watch to you.