Phantom Wings is a portrait of Misty's first foal, and his name is derived from his sire who was named 'Wings' and Misty's dam who was named 'The Phantom'. Released as a single #29 from 1983-1987.
In 1983, this model was released through JC Penney as #671-0891 Assorted Mare and Foals Stable Set. The set included a Red Bay Proud Arabian Mare, Red Bay Proud Arabian Foal, the regular Palomino Pinto Phantom Wings and the regular Grey Blanket Appaloosa Stock Horse Foal.
in 1983, this model was released through Sears in the set 'Misty and Family with Book', which included Misty, Stormy and Phantom Wings as Sears #49C20128, and included the paperback book "Misty" by Marguerite Henry.