A program where people of a neighborhood agree to look out for each other and a sign is erected warning criminals who may come into the area.
This program runs on the idea that criminals who aren't deterred by the possibility of being shot, beaten up or arrested are deterred by a stupid sign and some window stickers.
The cracked out serial killer will be stopped dead in his tracks by "neighborhood watch" sign on the street or Anyone who trusts their families safety to a neighborhood watch sign and not a real method of protection (IE GUN) is sick.
Could also be describing a super funny movie starring Ben Stiller.
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