What the bit that changes the time on a watch called?

Answer 1

crown: Also called a stem or pin, a crown is the knob/button on the outside of the watch case that is used to set the time and date. In a mechanical watch the crown also winds the mainspring. In this case it is also called a "winding stem". A screw in (or screw down) crown is used to make a watch more water resistant. The crown actually screws into the case, dramatically increasing the water-tightness of the watch.