A broad-mouthed, loose-ringed bit(metal in a horse's mouth). It brings pressure to bear on the tongue and bars and corners of the mouth. Often used as a training bit.
1877, Anna Sewell, Black BeautyCaptain went out in the cab all the morning. Harry came in after school to feed me and give me water. In the afternoon I was put into the cab. Jerry took as much pains to see if the collar and bridle fitted comfortably as if he had been John Manly over again. When the crupper was let out a hole or two it all fitted well. There was no check-rein, no curb, nothing but a plain ring snaffle. What a blessing that was!
(figuratively) Decorative wear that looks like a snaffle.
1898, Winston Churchill, The Celebrity Chapter 2, Sunning himself on the board steps, I saw for the first time Mr. Farquhar Fenelon Cooke....A silver snaffle on a heavy leather watch guard which connected the pockets of his corduroy waistcoat, together with a huge gold stirrup in his Ascot tie, sufficiently proclaimed his tastes.