Classic vintage woven square patch featuring the album artwork from PoM. This one doesn't have the 1983 date just the space that the date sat in. This is an interim design. In later versions of this patch the space has gone completely.
On the World Piece Tour the version with the date would have been sold but after this they removed the date. But kept the same design and then the next time they redid the patch they completely removed the space too.