The product is a LEGO VIP Exclusive Limited Edition Festive Drink Coasters set, featuring drink coasters with double sided minifigure heads. The set comes in an open box packaging, indicating it has been opened but the contents are new and unused. The limited edition nature of the product suggests it may have unique or special design elements not found in regular LEGO sets, making it a sought-after collectible item for LEGO enthusiasts.