Movement & Specs: Cal. 2416B Automatic ball borne, bi-directional rotor winding and handwinding, 21,600 vph, 31 jewels
Chosen by: Micha & TakesALickin' (Jeff)
Why?: I'd like to nominate the Vostok Amphibia. This is a real VPMW! Can be had for as little as $25 to $40 and comes in a wide range of varieties! It's rated 200m and comes with an automatic movement (vintage ones can be hand wound). The case is stainless steel. The only real disadvantage? The standard strap is crap - you're gonna need a new one. I included a picture of the only recent model I own, but remember - there is a wide range available.
As a watch that's more representative of the kind of watch that a lot of us poor men have, I think the Amphibia's a great candidate. Super affordable, with it's own clunky Slavic charm, and reliable as a Sherman tank. Powered by the cal. 2416B, it's a dependable entry level water resistant auto - here's a different pic.


