This is a "beginner's" version of the classic Fraidy Cat Rabbit trick. It was made in Hong Kong in the 1980's, and has been in storage, unused, for three decades.
I offer it more as a collectible or display piece, because it is probably not something you would put into your show. It can be performed, but like many imported items from Hong Kong in the 1980's, the quality is only fair.
Packaging box says "Made in Hong Kong for..." but the dealer or distributor has put a piece of opaque tape over the next line, so not sure who originally sold this item.
New, complete and unused, despite being 30+ years old.