When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Rachet shilfer for a 4L60/700R4. Used in drag racing often with a reverse shift pattern.
This one is called a Lightning Rod shifter from a company called Kilduff Machine. It's very similar to an option that used to be factory-orderable from Oldsmobile on, I believe, the 442.
They make several shifters (including the old-type single ratchet) but this one allows you to both upshift AND downshift, sequentially, without a clutch. Or you can just pull it into "D" and the car will run like it has a regular automatic transmission in it.
Here are a couple of videos about how they work. Modern Pontiac GTO: