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NGC 7354 resides in Cepheus, a constellation named after the mythical King Cepheus of Aethiopia and is about half a light-year in diameter.
Located in a relatively vacant region of space about 4200 light-years away and difficult to see using an amateur telescope, the lonesome planetary nebula NGC 7354 is often overlooked. However, thanks to this image captured by the NASA/ESA Hubble Space Telescope we are able to see this brilliant ball of smoky light in spectacular detail.
Just as shooting stars are not actually stars and lava lamps do not actually contain lava, planetary nebulae have nothing to do with planets. The name was coined by Sir William Herschel because when he first viewed a planetary nebula through a telescope, he could only identify a hazy smoky sphere, similar to gaseous planets such as Uranus. The name has stuck even though modern telescopes make it obvious that these objects are not planets at all, but the glowing gassy outer layers thrown off by a hot dying star.