Yes, it’s a steam powered record player. Playing a punk LP. The Sex Pistols – God save the Queen (Victoria obviously).
You can’t really get more steam, or punk, than that!
And yes, I know it sounds terrible.
Now steampunk is an odd thing. It’s not really my cup of tea and I got somewhat annoyed after I posted details of my Google Maps Brass Wristlet Navigator that people called it steampunk. That wasn’t the intention! It just happens to be made from brass. But I thought well, if people want steampunk then let’s do something that’s really steampunk. Hence the steam powered gramophone.
Yea, it sounds terrible, but is still a wonder to behold. More details and pictures at Asciimation, the website of fellow who made the steam powered, punk rock playing turntable (via Retro Thing).