A small fan of dust in Monoceros lit by R Monocerotis, a young star at its tip. It is called variable because its brightness and shape change from one look to the next.
Reflection nebula in Monoceros.
From Georgetown (6.8° N) it climbs to 88°, almost straight overhead at its highest; from Lethem (3.4° N), to 85° above the northern horizon. It is highest at midnight on the night of 28 Dec, in the middle of its season. The page works out tonight's rise, highest point and set for both towns in Guyana time (UTC-4), and where the Moon is.
Apparent size from OpenNGC (Mattia Verga), CC-BY-SA-4.0.
What is in it, not measured:
How we know: Distance from its neighbourhood: R Monocerotis, the star that lights it, has no Gaia parallax, so the distance is borrowed: borrowed from the young cluster NGC 2264 beside it, as the site's NGC 2264 page gives it: Hunt & Reffert 2024 (Gaia DR3) 700 pc and Zucker et al. 2020 Mon OB1 sightlines 708-796 pc; Manoj et al. 2006 (2006ApJ...653..657M, via SIMBAD) adopt 800 pc for R Mon, which has only a two-parameter Gaia DR3 solution (no parallax). True size: the apparent size times the distance (apparent size: OpenNGC (Mattia Verga, CC BY-SA 4.0), commit 4e2398a2).

More deep-sky objects: M78 (Reflection Nebula) · Eskimo Nebula (NGC 2392 / Clown Face Nebula) · Flame Nebula (NGC 2024) · Horsehead Nebula (Barnard 33) · Seagull Nebula (IC 2177) · De Mairan's Nebula (M43)