This is a Fisher-Price Laugh & Learn Nursery Rhymes CD Player, an interactive educational toy. 

• It is designed for babies and toddlers aged 6 to 36 months. 

• Pressing the large center button makes the internal "CD" spin around while three colored lights flash. 

• Pressing the three light-up buttons on top activates five different nursery rhymes, animal names, and sounds. 

• The toy helps teach the alphabet, numbers, shapes, and colors through songs and phrases.