Balloon Boy

The Balloon Boy is a character on Counterfeit Island.

Role in Counterfeit Island
After the player gives him a green balloon, he floats away. He is seen during the scooter chase and on TV's in Counterfeit and Reality TV Island.

Balloon Boy Hoax
This references an actual incident in Fort Collins, Colorado.

Big Note
Balloon boy is actually a pretty popular character due to the fact no one actually KNOWS what ever happened to him.

Calm Penguin says,

So ya. Sometimes you can see balloon boy anywhere. I wish I can save balloon boy. Wonder what happened to him?