Walt Disney Character Bubble Pipes were probably manufactured in the 1950s and displayed a number of the famous Disney characters in a variety of colors.
The Donald Duck character, shown here, has a sailor collar around his neck and his sailor hat on top serving as the bubble blowing area. It originally came on a card that read, "No. 346. Walt Disney Character Bubble Pipes" with an original price of 10 cents.
The pipes themselves have a small circle with "Lido" on one side and copyright "W.D.P." on the other. The varied colors include yellow, red, blue, green, and silver, and splits where one side of the figure is in one color and the other in another color. I also have a strange pinkish on one side and a brownish yellow on the other.