Dreaming about a watch is usually about the passage of time- perhaps a warning that time is passing you by and you need to make more of it. Do you feel like you're wasting your minutes, hours and days? It may be time to make a change and try to fill your life with memories of experiences and people.
It could also be an indicator of your time management skills. Are you always late? Leave things to the last minute? Never meet a deadline? If so, then this might be something you need to work on.
Another interpretation is that you lack spontaneity in your life because you rely too heavily on rules and regulations- perhaps set by you in the first place. Maybe you thrive on structure but it has led you to feel constrained and miss out on something or many things in the process.
Do you feel like your time is running out in a particular situation in your waking life? Maybe you sense pressure from either yourself or someone else to do something you don't feel ready for. Or maybe you do feel ready for it but you lack the confidence to move forward.
If someone gave you a watch in your dream, it's possible this person is involved in some way. Perhaps they are the one who's pressuring you to move on, the one who always comments on your lack of timekeeping or more literally- perhaps they gave you this gift to let you know they are watching over you in real life.
If your relationship with the person who gave you the watch is a good one- then maybe this dream is a positive sign, however if not- then perhaps it could be bettered in some way.
Tagged in Dream Interpretation