The Black Panther is the ceremonial title given to the leader of Wakanda which is an advanced African nation. Wakanda is made up of various tribes which all follow the king, and although this a hereditary title, one still must earn it. The Black Panther is a symbol of office (head of state) and even used during diplomatic missions.
So you may never make it to Wakanda, but you can dress like you are from there. Where some monarchies pass the crown, Wakanda passes down the ring from father to son to signify the new head of the royal family. And each prince is trained to be an elite warrior before they even think about becoming king as to protect the nation and its interests. This means the very best warrior earns the mantle of Black Panther.
You wearing this ring symbols that you are know you comic book knowledge without looking too much like a dork. It flows with pretty much any outfit and still have you recognized a one of the greatest superheroes in the Marvel universe.
Get your ring and start your journey to Wakanda.