A crib. Picture shows it in toddler-bed mode, but there is a side wall piece that can be installed instead to make a normal crib. It was purchased new five years ago and has handled my two kids. Still in pretty good shape—some scratches and whatnot, but nothing structural. Our youngest daughter just graduated to a full-size bed, so giving this away to another home. I’ll disassemble it so it fits in a normal car.