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
07/12/2003

In 1787, astronomer William Herschel discovered NGC 2392. From the ground, NGC 2392 resembles a person's head surrounded by a parka hood. In 2000, the Hubble Space Telescope imaged NGC 2392. From space, the nebula displays gas clouds so complex they are not fully understood. NGC 2392 is clearly a planetary nebula, and the gas seen above composed the outer layers of a Sun-like star only 10,000 years ago. The inner filaments visible above are being ejected by strong wind of particles from the central star. The outer disk contains unusual light-year long orange filaments.