The product is a McDonald's Surf's Up #1 Cody Maverick toy from 2007. This toy was likely included as a promo item with a Happy Meal or other fast food purchase. McDonald's released a series of toys in their Surf's Up promotion, featuring characters from the popular animated movie. Cody Maverick, a lovable character from the film, was the first toy in the series. This collectible item would be a nostalgic piece for fans of McDonald's promotions or lovers of animated movies from the mid-2000s.