The Balloon Rabbit is an electronic pet which was likely based on Poppy The Bunny, a Squeakee Minis figure. I'm not sure about the brand name or company, but the box credits a brand/company called "McSto". Some stickers come with the toy, allowing you to customize it.
Unlike Poppy, it's bigger, has no eyes, and the balloons for its ears aren't in loops. It has a small, round balloon for its tail, a single balloon for its head, a bent balloon for each hind leg, a round balloon for its body, and two balloons for its front legs. Its front legs each have a magnet, that allows it to hold the toy carrot it comes with.
It comes in a green with pink color scheme, and a light blue with dark blue color scheme. The blue rabbit has a light blue head, with lightblue ears that fade into dark blue near their tips.Its body, tail, back legs, and front legs are dark blue. However, there is some light blue around the neck area on its body and on its front legs. The pink and green rabbit's head and ears are pink, and the shade of pink fades into green on its ears. Its body, front legs, tail, and back legs are green, however, some pink is visible near the neck area of the rabbit and on the front legs.
It responds to having the front and back of its head, and back touched. It can sit and move its front legs, do a handstand, or bend on all four legs (stretching) and wiggle its mouth. You can pick it up by its tail, and it will move its ears and legs, begging you to put it down. Once you put it down, it will sit. You can deflate it with the pin it comes with, by poking it on its back with the pin. You will need to inflate it before you can interact with it in other ways. You can inflate the balloon rabbit, by putting the pump to its mouth, when it's sitting or squatting on all four legs. After being fed, it will pee or fart. Apparently, you can get it to shake hands with you.
Using the toy carrot it comes with, you can get the rabbit to follow the carrot, or you can place the carrot between its two paws, and it will wiggle its mouth. I think you have to push the top of the carrot before getting the balloon rabbit to follow the carrot, since the carrot has a small light.
If you don't interact with it, it will make different sounds and movements to get your attention. Ignoring it completely will cause it to sleep.