Your new chum: Gadgets are by definition small mechanical or electronic devices with a practical function that typically are thought of as novelties. Widgets, on the other hand, have until recently been merely hypothetical gadgets, handy for illustrating hypothetical examples.
What then would you name a gadget with the sole purpose of operating widgets? If you answered "Chumby," then chances are you work for a San Diego company with the same name.
The Chumby looks like the kind of stylish electronic travel clock that they sell in airline magazines. But this is no ordinary alarm clock. The Chumby is in fact a small Internet terminal that operates the modern definition of a widget — those handy little programs that pop up calendars, stock market information, weather updates, news headlines, etc.