The Puppet Bomb is a red sphere spawned by the Sorcerer Puppet, found in the Puppet Masters Theatre Dungeon, which if not killed in a short amount of time, explodes into 8 bullets in a circle, each dealing 40 damage.
HP:30000
DEF:50
EXP:0
Immune to Statis
Immune to Stun
Location: Puppet Masters Theatre
Unknown, possibly HP and MP pots
-With enough people, you can break it, otherwise just try and avoid standing on it, and target the sorcerer spawning them.