This mug is based on a character from the Disney+ Star Wars series, The Mandalorian, and is named "Grogu" although he is often referred to as "The Child" or "Baby Yoda".
This version of the character is holding a frog and about to eat it. There are other mug variants where he has his eyes closed in "Force Pose" or is holding a soup bowl. There are also a set of mini mugs where the character is holding the frog, eating the frog, or maintaining "Force Pose" with eyes closed.