Red shirt Vacation Pepe the Prawn figure from Jim Henson's - The Muppet Show / The Muppets Tonight by Palisades Toys

The brilliant item being viewed is a Toyfare exclusive figure of Vacation Pepe from The Muppets Tonight.

This red shirt vacation Pepe the Prawn comes with scuba mask, bathing suit, flippers, snorkel, magazine, Martini and a travel trunk with stickers. 

This was made by Palisades Toys and comes mint in a condition 7 clam shell (clam shell has some yellowing).