It is a planetary nebula. Where planets are born. 1,360 light years away.
Note the Greenish item to the left center of the photo.
This is a combo of 16 images. This is not a great shot but it is what it is. What I love about this shot is the colors and depth of the stars. This is just stuff that we just don't get to see because at this magnitude our eyes are not sensitive enough to detect color.