* Metaphor: The entire phrase is a metaphor comparing a person's situation to a red balloon tied to an anchor. It suggests being held back, unable to move freely, and feeling trapped or weighed down.
* Imagery: The phrase creates a vivid mental picture of a red balloon, which typically symbolizes joy and freedom, but is being held down by a heavy anchor. This image effectively conveys the feeling of restriction and helplessness.
It's important to note that the figurative language in this phrase is highly dependent on context. Without more information about the specific situation or the speaker's intention, it's difficult to pinpoint the exact meaning or interpretation.