Chain Dispel

 3 Spell Counters are featured in this card's artwork.

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The Spell Counter contained in the staff refers to the Spell/Trap Card being activated, while the two shattered ones represent those cards in the deck that are being destroyed by Chain Dispel.

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Similarly, the name of this card could be a play on words. The word 'dispel' could be interpreted as 'dis' and 'spell', meaning an anti-Spell/Trap Card, or a card capable of disengaging them. Also, although the chain in this card's artwork is a reference to this card's name, its name can also be attributed to the fact that it MUST be activated in chain with another Spell/Trap Card

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The staff appears to be that of Endymion, The Master Magician, another Spell Counter-related card

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This card is the Spell & Trap Card counterpart to Chain Destruction.

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OCG Rulings

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This card cannot be activated during the Damage Step.: Chain Dispel

This card does not target.

This card must be Chained directly to to the activation of a Spell/Trap Card. (This card cannot be Chained to the activation of the effect of a Spell/Trap Card.)

The Spell/Trap Card that was activated is neither destroyed nor negated.

This card can be activated when a Pendulum Monster is activated as a Spell Card in the Pendulum Zone.