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From: Walt Vogdes
Remote Name: 24.113.108.29
Date: 04/13/2004
Time: 11:10:29 AM
It's not a stein, it's a "moustache mug"! Budweiser collectors would be the most likely to have information about this piece. Presumably it was made to drink beer from, and the "protective lip" was designed to keep one's moustache from soaking up (or perhaps befouling) the suds.
I don't know precisely, but your mention of the 70's is probably about the time that Bud Man first came into being.