Ticking Present

Source
This item is a quest reward from.

Contains
This item contains:
 * Mechanical Greench
 * Preserved Holly x5

Also has a chance to contain one of the following:
 * Formula: Enchant Weapon - Winter's Might
 * Schematic: Snowmaster 9000
 * Recipe: Elixir of Frost Power
 * Pattern: Gloves of the Greatfather
 * Pattern: Green Holiday Shirt
 * Plans: Edge of Winter

As an object
The Ticking Present is located under the tree during Winter Veil in the cities of Ironforge and Orgrimmar.

The object give the quest, which gives the item.