I don't know about the title, but the photo's nice and crisp and flying...er, floating.... That string sure makes it look like there's no escaping here, though, it's awfully taut.
Mr. Happy still appears to be tethered.... (maybe not the best title!) But seriously. I like the originality!!! It is a little soft on focus and DOF should be a touch deeper (IMHO). Also the blown out part on the lip is a little distractiong. Was that flash or sun??? Work a little on focus and lighting and this could work nicely!!!
TC
Very vivid colors. The angle helps the keeps the interest in the composition. Really like the dark shadows on the bottom of the balloon. The folds are highlighted perfectly with the light and shadows.
The background of the sky really helps make the balloon pop out of the picture.