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Very small valve part?
(lemmy.world)
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Looks a lot like a carburetor float needle to me. It allows the flow of gasoline into the float bowl, which sets the amount of fuel fed into the engine.
It's common for float needles (and carb parts in general) to be made of brass, and the wire clip being made out of steel is also consistent with a float needle. The plastic tip is probably used for a better seal when the float is up, closing the needle port.