Viewing the value of a variable at run-time can be useful in debugging an issue with a program.
When not using Visual LISP, you can use the princ function to display the current value of a variable during the execution of a program.
Watch Window. Visual LISP passes the variable’s name to the Watch window and displays its current value.

Watch Window from the Visual LISP menu bar. If you click the Add Watch button from the Watch window without selecting a variable name from the text editor window first, the following window appears:

If the Watch window is not displayed, click View
Watch Window.
Watch Last Evaluation. 
Visual LISP displays the Watch window, which shows the value of the *LAST-VALUE* IDE global variable. Visual LISP always stores the value of the last evaluated expression in the *LAST-VALUE* variable.