Do you recognize this badge?

Last meeting I was looking at our Pack's inventory of badges to see what we were short (and long) on. And I came across this one in our stock.

Now I started in Scouting as a Cub in 1967 and a lot of the badges are familiar. Others are obviously newer. But this one I didn't recognize right out, even though it seemed familiar.

It turns out it's discontinued.

Do you know what it is? Can you guess?

The background may provide a hint.