This is a mug shaped like a giant pineapple on its side that is floating overhead as a blimp.
From Tiki Underground:
"Designed and produced by John Mulder, better known as Eekum Bookum, the TU Tiki Mug for our Fourth Anniversary is truly remarkable and original! Only a select set of numbered mugs will be produced in the first run.
The mug holds 15oz of delicious libations, and measures 6” tall and 8.75” wide at the widest point (pineapple).
Mahalo for another great year!!"