This is a rubber bifold wallet. It's got some good detail, including blue pixel-style stripe, nice offset / overlayed classic Sonic & interesting embossed "SONIC" word stamped into each side 4 times in a blocky font. The embossing adds interest & texture to the design. The interior has a pocket for money & slots for credit cards. There's also a clear ID window. Likely to be a BioWorld item, but not confirmed. Found at Spencers in 2012 for about 14.99