The product is a rare mint Ty Beanie Babies 2000 Millennium Bear plush toy in purple, with tag errors. This collectible item is part of the original Beanie Babies series by Ty, released in 1999 and recommended for children aged 3 and up. The plush toy features a specific character family within the Beanie Babies collection, making it a sought-after item for collectors and fans of nostalgic toys from the late 90s.