What's the time on the LEGO clock tile? I am reasonably confident that this tile is meant to be 2:57:38,  but I am wondering if anyone knows why this time might have been chosen?    



I also recognize the Disney clocks all have a different time (11:53).  

[edit: changed to correct time- thanks henrik]

Addendum:
Why did I ask this question?
Earlier this year, the LEGO Xtra line included a sticker pack, and it included this clock face, scaled up for a 4x4 stud circle.

I found myself wondering if this sticker pack was a tribute to the 6000 ideas book. On re-exaiming the sticker sheet in the 6000 ideas book, the clock sticker is set at 08:00:20. It almost looks as if the 'newer tile' that we have been speculating about is similar, but switching around the positions of the large and small hands, and altering the position of the hand pointing towards the 8 slightly.



I love the idea of "School's out o'clock",suggested by some below, but could it have just been a transcription error by a graphic designer in the early 80's? Or indeed a 'correction'?

Or is it just a way of having the hands roughly equidistant apart on a clock face? 

[Thanks@JohhnyB for assistance with Stack exchange etiquette]
This is Part# 4150px1.

Okay, I didn't call/write LEGO for answers. This is just speculative guesswork (and I should be ashamed).  

First off, sorry, for not giving you time to explain the full relevance of the Disney clocks with regards to your question.  There are other clock patterns besides this pattern, and the "Just-Before-Midnight" Disney pattern. 

So, I was trying to get your connection, until I thought about what you wrote, and what I thought in my mind.

You wrote the Disney clocks all have a different time (11:53).  I thought in my head "Just-Before-Midnight", because in many fairly tales, Midnight, is the magically important event.

So, it got me thinking: If I were a Danish LEGO designer, and I was making toys for school aged children, then what would be a magically important event to a grade schooler? If an adult's time could ever be important to a child, what time would that be? 

Hmm, maybe the few minutes before 3:00pm, the time school lets out and for them, the real magic begins?

So, I'm guessing, 2:57:38pm might be the same "Just-Before-The-Magical-Event" subconsciously embedded in every grade school boy or girl's head, and some random LEGO designer had the insight to try and capture it.