212th Crumb Bomber Embroidered Patch
There is a surprising number of Star Wars patches out there, and like this one, many if not most of them are actually fan-made (or fan-commissioned at least). Indeed, patch collecting is a full-fledged sub-category of Star Wars collecting. Aside from this one, I only have a couple: the Jabba the Hutt Boy Scout Jamboree patch, and the “69th Imperial Dewback Cavalry” patch, which features Oola. In a way, they’re kind of a strange collectible since I’m positive that the great majority of them are never actually used as patches. But the embroidery makes them little pieces of artwork, so I guess it’s kind of like how collector plates are no longer actually used as plates. If you’re interested, I found the panel about patch collecting at Celebration V to be pretty informative. You can watch it on Youtube: part 1, part 2, part 3, part 4.
Anyway, this one appears to have been made by some fans in Sweden (or at least that’s where I got mine from). It features the art from the “Crumb Bomber” which is a gunship from the prequels with a picture of a kowakian monkey-lizard on the side, similar to the art that was on WWII bombers. At the top is the message “laugh this off” in Aurebesh.
I think these were actually officially commissioned by Lucasfilm’s Marketing team as part of a Clone Wars Comic-Con promotion several years ago.