Exactly what you would expect in a Master-brand aftershave. Same low-alcohol, glycerin-added formula. No frills, just a good 'ol plastic bottle of aftershave splash. The "Lord and Master" scent is very similar to Pinaud Clubman, but less powdery, and possibly smoother. Cheap.
I love this stuff. Great scent and leaves the skin feeling very soothed without too much sting. Can't be beat for the price either. I don't find the scent to be as heavy as Clubman, but I can see the similarities.
Prehistoric Bump! I claimed a small bottle of L&M from the Travel Box. It does have a passing similarity to Clubman but has an up-front citrus/spicy/musk/piney vibe that's hard to nail down. Even better, it totally lacks the gag-inducing element that Clubman always pulls on me. Good stuff, and surprisingly soothing. Needs a touch of menthol, though.