This is a wide field survey of the famed Cocoon Nebula (also known as IC 5146). This survey covers 2 full degrees of this 15 light-year wide nebula, which is found 4,000 light-years away in the constellation Cygnus.
This nebula is a star-forming region and contains several of our galaxies youngest stars. For reference, the bright star in the center of the nebula is only a few hundred thousand years old, which is practically a few weeks in stellar terms. The wispy bands of red dust you see around the image is invisible at optical wavelengths, and only comes out when viewed at infrared wavelengths.