This tool is a worthwhile investment for anyone with knock-off wheels on their Corvette. The center cap on the knock-off wheels needs to be removed to access the locking pins that are fitted to stop the spinners from loosening. Without this tool you'll need to pry the caps off with a screwdriver, which will almost certainly cause damage to the caps.
The center cap removal tool is a large suction cup with a T-handle attached. Removing the caps with this tool is quick and easy, and guaranteed not to damage the caps or spinners.