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
15/04/1998

This is NGC 1818, a youthful, glittering cluster of 20,000 stars residing in the Large Magellanic Cloud, 164,000 light-years away. Pick a star. Any star. Astronomers might pick the unassuming bluish-white one (circled) which appears to be a hot newly formed white dwarf star. What makes it so interesting? The standard astronomical wisdom suggests that stars over 5 times as massive as the sun rapidly exhaust their nuclear fuel and end their lives in a spectacular supernova explosion. With less than this critical mass they evolve into red giants, pass through a relatively peaceful planetary nebula phase, and calmly fade away as white dwarf stars like this one. Except that as a member of the NGC 1818 cluster, this new white dwarf would have evolved from a red giant star over 7.6 times as massive as the sun - which should have exploded! Its discovery will likely force astronomers to revise the limiting mass estimate for supernovae upward.