The lion monument is a sculpture carved out of a stone wall. It resembles a fallen lion. Just wiki for the story. If you are in Luzern and you are walking around: it just taken 10 minutes from the center to walk there and it is rather pretty and a good photo-opp. It is for free, but you will find loads of tourists there.
Hint: don't go to the thing next to it and be aware of the tourists shops next to it: just like in the rest of the world, it is still a tourist shop: things from a brand you can find somewhere else cheaper and things without a brand are probably overpriced. No harm in just browsing around off course.
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