Your Disc belongs to me! -Enrico Pucci (Enrico Pucci, エンリコ・プッチ)
The Disc is an item located in the waterfall, this item has different properties, you cannot hold it, you cannot use it. There is no spawn time and despawn time.
Every time you pick the Disc, you have 15 seconds before you drop it, making you take another one. If you brought the disc to the right place, which is the Radio in Tim's Shack, it will play a sound. Currently, there is no meaning for the sound.
Near the Disc was a button that is completely red. By pressing this button you are given a cutscene. It starts by zooming into the sewers until the camera reaches those mysterious red eyes that glimmer...
The red button was removed as of the v2.07a update.
The Disc looks identical to the Whitesnake's Disc from his Stand Disc (F) ability.
The sound when putting the disc on the Radio: