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That is the shifter fluid fill tube. That is where you put in the shifter fluid. Take your time and you will get it. Make sure to put a vacuum cap over it when done to keep the fluid in.
THIS IS JUST A JOKE. EVERYONE ELSE ABOVE IS RIGHT. DO NOT LISTEN TO ME AND ATTEMPT TO PUT FLUID IN THE TUBE!!!!!
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette
Slideshow: A Jaguar designer's personal project imagines what a modern front-engined Corvette might look like if Chevrolet revisited the golden age of the Stingray.