This mug depicts three stacked tikis (totem pole fashion) trying to avoid sinking into quicksand.
From Lost Temple Traders:
"Welcome curious travelers! The idol we present for you this evening is as peculiar as any we’ve ever come across. Part New Orleans voodoo and part island deity. One thing is for certain, when you imbibe from these haunted spirits, the room will feel like it’s stretching. This is the pre-sale for the Limited Edition 250 Ghost glaze variant Haunted Spirits: Quicksand mug. This mug is being produced by Munktiki Imports and the expected ship date is Early 2021."
This is the Ghost edition, which is primarily a blue color with a red wiped finish.
The design is a "tikified" play on one of the stretching posters in the Haunted Mansion attraction at both US Disney theme parks.