From a distance, Mermaid Man's belt looks like an ordinary belt that is violet purple with the letter "M" that is light metallic blue, but up close, it appears to have a bunch of hardware inside of it.
In Mermaid Man's earlier appearances, it is yellow, similar to Aquaman's belt.
Role in series
"Mermaid Man and Barnacle Boy IV"
Mermaid Man accidentally leaves his belt when he and Barnacle Boy flee from SpongeBob. Though SpongeBob intially plans to return it, he decides to take the belt, wear the belt and plays with it, which he discovers the shrink ray button. He makes his own little cockroach tea party while still working by shrinking the Krusty Krab kitchen appliances and food and feeding it to the cockroach.
Squidward discovers that SpongeBob took the belt after he comes in and asks SpongeBob where is the ruckus coming from and why is everything in the kitchen so small and decides to call Mermaid Man and Barnacle Boy as revenge for making the muscular fish punch him. SpongeBob begs Squidward not to tell them as he would realize that if Mermaid Man finds out, SpongeBob will be kicked out of his fan club for good, but Squidward does not listen so he shrinks Squidward. Squidward, obviously, gets angry at SpongeBob for shrinking him and tells SpongeBob to un-shrink him but SpongeBob is unsuccessful, since he doesn't know how to un-shrink him. Squidward suggests asking for help from Mermaid Man and Barnacle Boy but SpongeBob refuses as he doesn't want Mermaid Man to find out, preferring to look for someone "wise" instead, and ultimately resorts to asking for help from Patrick.
Patrick flips the M to W and SpongeBob zaps Squidward thinking it would un-shrink only for Patrick to be shrunken as well. Squidward tells SpongeBob to go to Mermaid Man for help but SpongeBob still does not want to ask for help from him as tries to think of something else; he keeps them in a jar. Suddenly, Sandy appears, prompting SpongeBob to shrink her and SpongeBob tries to explain to Sandy of what happened. Soon after, Larry and a few Bikini Bottomites appear, prompting SpongeBob to shrink them as well. SpongeBob then makes a run for it, shrinking every Bikini Bottomite he encounters until everyone is small. SpongeBob places the shrunken people in the jar and Squidward demands SpongeBob that he must get to Mermaid Man immediately with Sandy saying that he can't keep everybody small forever. It turns out SpongeBob shrank Mermaid Man and Barnacle Boy as well. SpongeBob apologizes, but Mermaid Man already understands of what SpongeBob has said and remembering the use of his belt. When the people tell Mermaid Man to tell SpongeBob to un-shrink them, Mermaid Man thinks for a while and asks SpongeBob if he set it to Wumbo, which makes everyone realize that he does not know how to un-shrink them either.
The Bottomites burst out of the jar as they form an angry mob and enter SpongeBob's body to attack his body parts as retaliation for shrinking them before complaining that everything is too big. Ultimately, SpongeBob shrinks the entire city before shrinking himself. The citizens are happy with this since there's no difference, which they celebrate and SpongeBob is forgiven. A few moments later, a bus drops off Plankton, returning to Bikini Bottom from vacation, surprised to see that Bikini Bottom is smaller than him.
Role in video games
It is one of SpongeBob's memories.