The diffuse Cone Nebula, so named because of its apparent shape, lies in the southern part of NGC 2264, the northern part being the magnitude-3.9 Christmas Tree Cluster. It is in the northern part of Monoceros, just north of the midpoint of a line from Procyon to Betelgeuse. The cone's shape comes from a dark absorption nebula consisting of cold molecular hydrogen and dust in front of a faint emission nebula containing hydrogen ionized by S Monocerotis, the brightest star of NGC 2264. The faint nebula is approximately seven light-years long (with an apparent length of 10 arcminutes), and is 2,700 light-years away from Earth. [Wiki]