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@Skülly
OK
Those metal things are common on 70s / 80s basic 'racers'. There's a thing on BikeSnobNYC (a well-known blog, which is quite knowing and funny about things like the 'fixie' craze) which refers to a 'fixed-gear armageddon' (check out the 'PistaDex'), and part of the prophesy is that signs that the End Times are nigh will appear, such as when someone posts a pie-plate 'fixie' on velospot or whatever it's called.
Basically it'd be pointless to do it (put the metal thing on a new fixed-hub wheel), but bikesnob prophesised that somebody, somehwere would do it to make a bike look 'old skool'.