Label holding and dispensing device

1. Field of the Invention A label holding and dispensing device for holding a plurality of labels on the wrist of user for easy access to the labels. The label holding and dispensing device includes a housing having a bottom wall with a peripheral wall attached to a peripheral edge of the bottom wall and extending upwardly therefrom. The peripheral wall bounds an interior of the housing, which has an open top side for accessing the interior. A slot extends down from a top edge of the peripheral wall to the bottom wall. A strap is flexible and has a first end, a second end, an outer surface and an inner surface. A fastening member removably fastens the inner surface of the strap to the outer surface of the strap. A securing member removably secures the housing to the strap. Each of a plurality labels has a shape substantially the same as a shape of the bottom wall. The labels are positioned on each other to define a stack, which is removably positionable in the housing.