This contraption is called the LED Magnetic Flashlight by Striker.  It has LED lights and is covered with 12 magnets.  The LED light can be aimed in almost any direction and is about the size of a golf ball.  It makes a pretty nifty nightlight for the kitchen when someone is craving a midnight snack.  The device is relatively inexpensive too.  You can pick one up for about $7.99.

[via Re-Nest / Lifehacker]