I don't know the exact details, but i had the same problem in my 93 accord. Its the wiring for the drivers airbag. There is some kind of rotor (for lack of a better word) in there that keeps the connection when the steering wheel turns. Kind like the thing for front break cables on a bmx bike. Over the years that thing wears and the connection gets screwed up. I wouldn't worry about it if I were you, prolly more trouble to fix then it's worth.