An expanding shell of ionized gas ejected from a red giant star in the late stages of stellar evolution. Despite the name, it has no connection to planets. The glowing gas is illuminated by the hot core of the dying star.
Source: science.nasa.gov
11/12/1995

After a Sun-like star can no longer support fusion in its core, the center condenses into a white dwarf while the outer atmospheric layers are expelled into space and appear as a planetary nebula. This particular planetary nebula has a quite strange and chaotic structure. The inner part of this nebula contains an unusual expanding ring of gas that we see nearly edge-on. The exact mechanism that expels the planetary nebula gas is a current topic of astronomical speculation and research.