The product is a new Ty Flippables Payton Penguin collectible sparkling plush toy. This plush toy is part of the Ty brand's line of beanbag plush toys and is specifically designed to be flippable, allowing children to play with it in a unique way. The Payton Penguin is a cute and sparkly addition to any collection of Ty plush toys, making it a fun and playful gift for children.