This was a super-limited run of Paddle Ball String paddles made by Playmaxx.  This is one of the few novelty items not well-known to most collectors except a very few die-hard Playmaxx fans from back in the day! 
 
•  Original Low Production run
•  Rare meter  • • • • • 5/5
•  Condition meter  • • • • • 5/5
•  Estimated Value $45