The Fringe Donut

the circle is a ring avoiding the middle, the X is a crosshair upon the middle. but then the X deletes, the ring highlights. could read eitherof them either way. the centre could be land - the ring of coastal zone could be the fringe donut. or the centre could be an ocean and the donut the ring of land... in the late 80s/early nineties a whitby schooner illegally travelled to iceland and perhaps beyond, and is now an object of folklore. i forget it's name. but i bet it was something woolly...