The product is a McDonald's Ty Teenie Beanie Babies plush toy featuring Spunky the Cocker Spaniel. This 4" mini Beanie Baby was released in 1993 by Ty in China. It comes with its original tags, making it a collectible item for fans of Beanie Babies. McDonald's promotions often included exclusive Beanie Babies, making this a sought-after piece for collectors of Ty's popular plush toys.