After the completion of the Statue of Liberty, the city of New York had a large celebration.
The owner of the company that designed the statue of Liberty, Gaget, Gaultier & Co., decided to cash in on this occasion, and made small bronze replica of the statue to sell.
It was such a popular item, that everyone was asking, ‘So, do you have your Gadget?’ referring to the small bronze replica of the Statue of Liberty.