Clown Pipe
Red side
Red side White side Bottom
Type: Pipe
Category: Figures
Era 1950s?
Character clown
This is a clown bubble pipe and whistle, I believe. You can see the hole for the whistle on the stem, but I believe they were sold for both purposes. Kind of a musical bubble blower.

I could be wrong though. If anyone has any definitive knowledge, please let me know.