The product is an applique pattern by The Whole Country Caboodle, specifically designed for creating a patriotic-themed project. Titled "Catch the Olympic Spirit #155 UC Vtg," the pattern likely features designs related to the spirit of the Olympics, such as flags, torches, or athletic symbols. This pattern would be suitable for crafters and sewers looking to add a touch of patriotism to their projects, whether for personal use or as gifts celebrating national pride and the Olympic games.