Kid – Ohh no my balloon
Cat – Don’t worry I got this just give me a moment
Cat – Here’s your balloon kid
Kid – Thank you kitty, Now follow meanimals and babies can communicate. 100%
Siamese cats are very social and love to talk (to the point they tend to talk a lot if their human friends are on the phone), it probably brought the balloon down so they can both play together, hence chasing the thread at the end. ;3;