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Its not the sexest name to for a planetary, which might explain why I have never looked for it before. It is near Rigel, but just across the boarder in Lepus. I418 is Mag 9.4 and 14'x11" according to my Bright Star Atlas.
IC 418 AKA the Spirograph Nebula, is a great object to observe in scopes 20cm and above.
If you have good colour perception you will see it is encircled by a red ring and the center is very bright.
Small telescopes don't do it justice as it needs magnification to bring out it's detail.
The Spirograph planetary nebula and has a very famous Hubble Space Telescope image taken a few years ago.
https://en.wikipedia.org/wiki/IC_418
Cheers