The Bunny Balloon is a holdable item you can receive from Phineas in the city. The Bunny Balloon comes in multiple colors and when placed in your home will have a weight holding it down. If you fall in a hole, trip, or are stung by a bee while holding the balloon you will lose it. It is the most popular Phineas item since he is a sucker for them. The Bunny Balloon is available on Animal Crossing from Redd who will give them out near the River Pool on the 4th of July.