Yes, that's what it was! Part of a front wheel drum brake generator. Would one of your smart friends know what that thing is exactly and how one would wire it into a system in order to use it? I find the idea exciting because I don't like screwing around with batteries. A simple sidewall generator in 6 volts is easy to come by on ebay or off an old bike. Pretty cheap. Keep it oiled and only engage it against the wheel when you actually need the juice and it will go for a long time, at least mine have. Beyond a few miles per hour the light is nice and steady and bright.
While I don't want to pay big bucks for an ultimate system, I don't need the most powerful lights in the world. I use one of my little copper jewel lights with the business end of a nine LED flashlight inside and it is adequate for a tail light or a pair for turn signals. (Which reminds me, I do intend to do a little how-to on making copper jewel lights one of these days.) That and the much brighter 32 LEDs in the honker headlight and I'm good to go. I don't ride along a brightly lit thoroughfare in a big city... not a lot of competing light, so I don't need the very ultimate best. My headlight lights up the road in front of me nicely and most important it makes me visible to motorists... but not if I come to a stop. No juice... no light.
If this capacitor is not terribly expensive or difficult to wire in, then it would be the cat's meow for lots of us. An inexpensive system that pretty well negates the need for battery backup and lets us forget about trying to rig up a generator or alternator to run off a Harbor Freight or other four stroke with no electrical system to tap into for lights. Keep it simple, keep it inexpensive and keep us safe.
Can you find out?
SB