The product is a rare 1996 Ty Beanie Baby called Chip The Cat, specifically Style 4121 with tag errors. This collectible item is made of PVC material and is targeted towards children aged 3-4 years. As a part of the Ty Beanie Baby line, this toy is highly sought after by collectors for its unique design and rarity. With its authenticity confirmed by the inclusion of a Ty tag, this vintage Beanie Baby is a valuable addition to any collection.