The product is a Springy the Lavender Bunny Ty Teenie Beanie Baby from McDonald's 2000. This collectible toy features a cute lavender bunny design, perfect for children aged 1 and up. The Beanie Baby is part of the original Teenie Beanie Baby series by Ty, known for their high quality and adorable characters. The fact that it was a part of a McDonald's Happy Meal promotion adds to its charm and nostalgia for collectors of Ty products.