Carnival Ring
Junk in 99 Nights in the Forest
About
The Carnival Ring is a giant golden ring used at the Ring Toss in the Carnival in 99 Nights in the Forest. Landing 3 of them around a bottle before the timer runs out earns a Ticket for the Hedge Maze.
Carnival Ring — In-Depth Analysis
Land 3 Carnival Rings around a bottle before the timer runs out and the Ring Toss hands you a Ticket for the Hedge Maze. That is the whole purpose of the item: it is the throwable for that stall, and you find it at the Carnival where the stall stands.
Physically it is a giant golden ring, around the size of a Bunny, according to the wiki. Set it beside the Hoop Shot next door and the two games share a shape: 3 successes, one timer, the same kind of Ticket. The ring is filed under Junk, in the wiki's Items and Junk categories.
For aiming, the wiki's advice is simple: throw each ring right in front of the spot where you want it to land, and it will go in.