This is an extremely rare tiki mug from Frankie's Tiki Room in Las Vegas.
It is signed"Holden" on its bottom surface which is Holden Westland the founder of the Tiki Farm company.
Embossed on its rear surface in a red font:
This tiki mug has no cracks, stains or crazing.
There is an extremely tiny nick on the exterior surface, please see the red arrow pointing to this in the 4th photo.
There are several spots where the manufacturer touched up the paint, the result is that the touchups are not an exact match and can be noticed if you look for them. Please see the last 3 photos where I pointed red arrows at these.
In the last photo there are red arrows pointing at two faint lines on the gray front surface.
There are a few other minor imperfections but overall this tiki mug is in very good to excellent condition. Please look carefully at the photos to get a realistic impression of its condition.