The product is a vintage 1988 My Little Pony action figure called "Baby Ribbs" from the original My Little Pony franchise by Hasbro. This toy is a collectible item from the 1980s and is considered a rare piece for enthusiasts of vintage My Little Pony merchandise. With its nostalgic appeal and unique character design, this action figure is sure to be a sought-after addition to any collection of retro toys and memorabilia.