This is Fluffa, a creature I created over a decade ago. It is meant to be a species that can be many colors, most commonly peach, pink, and purple. The big, fluffy ears allow this creature to fly. (How? I was thinking the wind because I was inspired by the Pokemon Jumpluff, but considering how young and dumb I was, it may as well just be magic.)
The ears look awful, but that's how I've always drawn them. (I need to improve them somehow.)