balloon
palloncini
pal-lon-CHI-no
Palloncino is the diminutive of 'pallone' (large ball/football). In Italian, '-ino' makes things smaller and often cuter.
I bambini adorano i palloncini colorati alle feste.
Children love colorful balloons at parties.
Abbiamo decorato la sala con palloncini gialli e blu.
We decorated the room with yellow and blue balloons.