......Yes. You are correct, it IS nuts.
You REALLY don’t want to jack up at that point.
But that center red thing is, indeed, a jack point.
I bought and installed it for two reasons—First, it makes for fun conversations like this one when folks spot it, and Second, if I am ever in a pinch and for some reason I can’t access the jack points I should use, this spot is theoretically useable.
I travel cross-country a great deal, and I have been stranded many times and every once in awhile I have to let some tow truck driver jack the car up without me around. I figured if they decide to jack her up at that spot, I maight as well provide a pad.
Again, it’s a last resort jack point.
Mostly for the bling.