I recently made this box as gift for my girlfriend on Valentines Day. I've been pretty stoked on it, since it was the first functional piece I've made out of wood since 5th grade shop class. At the risk of being too obvious, the idea was that the hands act as doors that are holding/ hugging whatever is inside.
When I gave it to her, we decided it needed a name. I recommended "Double Pimp Slap," but she came up with "Safe Box." Maybe it was the fact that it was her gift, or that hers sounded better, but we decided to go with Safe Box in the end :)