This is a McDonald’s Teenie Beanie Babies Happy Meal toy featuring "Happy" the Hippo, part of the 1998 Ty Teenie Beanie Babies series. These toys were wildly popular and often caused a collecting frenzy when first released in collaboration with McDonald’s.

Details:
Character: Happy the Hippo
Year: 1998
Condition: Still sealed in original polybag (NIP - New in Package).
Manufacturer: Ty, Inc.
Distributed by: McDonald’s for a limited time during Happy Meal promotions.