The product is a Trolls Happy Meal toy featuring KING TROLLEX, a character from the animated movie Trolls. This particular toy is designed as a cloud with a blue color scheme and is identified as Happy Meal Toy #10. It was released by McDonald's in the year 2020 as part of their promotional tie-in with the Trolls franchise. The toy is likely part of a series of Trolls-themed toys offered with McDonald's Happy Meals during that time, appealing to children and fans of the popular movie.