The product is a 1970 Bugs Bunny Looney Tunes DAKIN Merlin the Magic Mouse vinyl figure, which is considered a rare and antique collectible item. This vintage piece features the character Merlin Mouse from the Looney Tunes series, making it a sought-after piece for collectors of animation merchandise and fans of the beloved cartoon characters. The unique design and nostalgic appeal of this figure make it a valuable addition to any collection of animation art and merchandise.