The whole plant. That is a standard-sized folding chair on the left, so this is a rather tall plant. The flowers buds are in the cluster of leaves to the right of the bare stem, near the top.
I've never had a Dracaena bloom for me before, or show any inclination towards doing so. I've had this particular plant for about 8 or 9 years. I love the variegation, the way the branches twist and turn, and the fact that it produces new growing points regularly, without being pruned. I probably should prune it one of these days, though.