I think the Simpsons did a similar thing with the watch idea. 

http://en.wikipedia.org/wiki/Treehouse_of_Horror_XIV#Stop_the_World.2C_I_Want_to_Goof_Off

I'll take option number 4

the watch to stop time, duh

I'll take the money.

I continue to age while time is stopped? Makes alot of that time pretty wasted to me. I'm sure that would make my life a few years shorter if overused which would be pretty unfair on loved ones and family and probably even be robbing myself of time I could have spent doing something else.

If it was a watch that stopped time and allowed me to not age, but didnt stop the time for everyone playing navyfield so I could just play infinite navyfield without feeling hungry or having to worry that Im awake in one hour cos it's 6am in the UK right now... I'd have it.

I'd take the watch it would be really nice to shove a handgrenade up some ones arse with out their knowing so we might not go off the fiscal cliff id also rob the iranian bank thus to not weaken our own fragile economy