Auction Find
I think that this patch is from the 2nd Battalion, 5th Marines ("the two five" in Marine speak).
Got it at a local auction for $15.
EDIT: I did a little research and found that this patch is from the 1st Battalion, 6th Marines (the "one-six").
The 6th Marines were later known as the "Pogey Bait Sixth". They got the name after the story went around that the regiment was sent to China and the transport ship they were on had 5,000 candy bars and only 6 bars of soap. (Candy bars are known in the Marine Corps as "Pogey Bait".)
The 6th Marines were awarded the French Croix de Guerre, and Marines in that regiment are still entitled to wear the green and red fourragere, which is known throughout the Marine Corps as a "pogey rope".
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