The Meowth Balloon is a decoration depicting Meowth. It costs 400 PM Tickets and and increases the number of ingredients received from recycling Power Stones by 100%. It can be considered an upgrade to the Squirtle Flag, though their effects stack.
In design, it can be considered a counterpart to the Ditto Balloon and the Gengar Balloon. Additionally, though their effects greatly vary, they all increase their various stats by 100%.