This is an interesting item with some cool trivia too!
This is a die-cut mouse pad made of that squishy foam stuff. It says "JP Gear" and "Welcome to the Next Level". (Was anything else JP Gear? Logo doesn't appear frequently) Sonic is standing off to the side, and naturally for the slogan-era, he's classic. But this particular look/drawing/pose for him was later revealed to be the jumping off point for "SA Style / Modern Sonic" You'll even find an SA1 art with almost that exact pose/look for him...except they switched the mouth out to the "BDG" (Big dumb grin) for the SA version of it. For that reason, this is likely quite a special pad.