A massive inflatable waterpark taking up 4100 sqm has been unveiled and it's straight out of your wildest dreams.

Travellers are going wild for an inflatable "Unicorn Island" that has been unveiled in the Philippines, reports news.com.au.

Complete with waterslides, rainbows, and of course — giant unicorns, the inflatable island is an explosion of colour straight out of your wildest dreams. And a whole lot of fun.

At a whopping 4100 square metres, it's the biggest inflatable waterpark in Asia and is located in Subic Bay, nearly 130 kilometres west of Manila.

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It features giant swings, towers, slides, a trampoline, rock climbing, a "human launcher" and more. There's even a giant blow-up horse called Baba.

The inflatable island has attracted a lot of attention on social media, with more than 150,000 Facebook followers.

Entry fees start at just P$499 (NZ$13.30) with time slots booked online at theinflatableisland.com.

You can just chill if you like. Picture: Inflatable Island. Photo / Supplied
You can just chill if you like. Picture: Inflatable Island. Photo / Supplied