Using this toy will take you to one of the following locations, at random, as long as the zone's level range is not above the character level.
Kalimdor
Teldrassil: Northwest, at the Oracle Glade [40, 30]
Moonglade: South, near the Great Cat Spirit [58.05, 76.66]
Darkshore: Just south of the Grove of the Ancients [45.30, 76.18]
Ashenvale: North of Orendil's Retreat [26.27, 14.53]; far east, at Bough Shadow [93, 42]
Feralas: North, by Jademir Lake [49, 11]
Un'Goro Crater: West, at Golakka Hot Springs [28, 52]
Mount Hyjal: North, at Nordrassil [61, 27]
Eastern Kingdoms
Tirisfal Glades: In the center of the mushroom circle in the Whispering Forest [17.58, 67.59]
Duskwood: Middle, in Twilight Grove [45, 44]
Hinterlands: North, at Seradane [60, 28]
Blasted Lands: Middle of The Tainted Forest [35.42, 72.25]
Northrend
Grizzly Hills: Middle, by Grizzlemaw [45, 38]
Sholazar Basin: South of Spearborn Encampment [38.41, 28.44]
Pandaria
The Jade Forest: West of Serpent's Heart [40.02, 55.22]
Valley of the Four Winds: Northeast corner of Paoquan Hollow [19.69, 33.68]
Broken Isles
Val'sharah: South, at Lunarwing Shallows [55, 85]