It's a very thick pillar (it holds the largest wooden building in the world) and at the base it is pierced by a hole, which is said to be the same size as the Daibutsu's nostril. The legend says that if you manage to pass through this hole, you will attain enlightenment in the next life.
So many people try, that the temple even installed a belt queuing system.
Tempting... should I try?
EXIF info:
Nikon D90
Lens: VR 18-55mm F/3.5-5.6G
Focal Length: 20m
Aperture: F/5.6
Shutter Speed: 1/60s
ISO Sensitivity: ISO 1000