Can this cantle be saved?

[plaid preacher]

This looks to me about like an old shoe coating that was sold to make leather look spit shined. It was a plastic that you spread over your stuff. After a while it ended up looking just like this if you left it on too long or did not renew it.

I'm with, Steve. My first thought was that it looks like Leather Lustre that is starting to peal away. Now, how do you get it off, I'm uncertain, not being a user of this product myself. My first thoughts are either actone or heat... but I'm not recommending either.