The place to ask your Cracker Jack Prize questions. (Open to All)
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I found this in an auction lot. Have not been able to find out anything about it and thought this might be a good place to start since it says "buy cracker jack" on it.
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Cracker Jack used a series of 25 iron-on transfers, purchased from the Thermagraph Company of New York City in the early 1940's. These transfers were printed on very light weight paper (much like that paper used for making dress patterns), placed face down on fabric and affixed with a very hot iron. What you have is a Daffy Duck item (not from Cracker Jack) that two of these transfers were ironed onto. Hope this helps.