Looks like Frog Eats Monkey isn't quite ready for her/his/its closeup after all!
So this is the first half of a two-part mold. Half the toy is embedded in clay. Holes are poked in the clay which will serve as keys for the two mold halves to make it easier to line up properly when it comes time to cast.
When the clay is all smoothed and poked, it's time to put on the higher wall and pour in some silicone. I'm using Smooth-On Mold Star 15. This is the first time I've ever used it so I hope it works. I'm a little worried about air bubbles but we'll see what happens.