眼 (yǎn) = 'eye', 馋 (chán) = 'greedy for food / craving' — literally 'eye-greedy', the perfect picture of seeing something you wish you could have.
usage
Lighter than 嫉妒 (jídù, 'jealous'). 眼馋 describes the in-the-moment 'I want one too' feeling and is often friendly or self-deprecating; 嫉妒 carries real resentment.