The product is a Funko action figure featuring the character Rainbow Brite, part of the Rainbow Brite franchise. This particular figure is a Hot Topic Exclusive Diamond edition, making it a rare and sought-after collectable item. Made of vinyl, this item is a must-have for fans of the popular children's TV show from the 1980s. With a high PSA grade of 9, this toy is a valuable addition to any collection of pop culture memorabilia.