This adorable pink cat is holding a huge ball of yarn. I have seen this called a string holder and also a cotton ball dispenser. Either way it is adorable. It is marked on the bottom Prestige and a has a copyright symbol followed by the Roman numerals MCMLXXX which stands for 1980.
It is in excellent condition with no chips or cracks. It apparently had a plastic plug at one time which is now missing. One could probably find a replacement or even use a cork if you want to use it as an actual holder instead of a display piece. The holder measures about 4.75" tall and long and about 3.5" wide.