Close 'N Play Phonograph was an early vinyl record player for kids that could play standard 45 rpm records. The phonograph would only play when the lid was down. Once you opened the phonograph it would stop playing so you could put a new record in. This was a very convenient way of avoiding scratching the record once it had the needle on it as you would be able to get inside once it was playing.
The Close 'N Play phonograph had a small control on the top that would operate the speed of the playback.