We are given the formula:
\[
a * b = (a + b - 1)^2 - 1
\]
Substituting the values \( a = 1 \) and \( b = 2 \) in the formula:
\[
(1 * 2) = (1 + 2 - 1)^2 - 1 = (2)^2 - 1 = 4 - 1 = 3
\]
Now, substitute these values into the next part of the expression \( (3 * 3) \):
\[
3 * 3 = (3 + 3 - 1)^2 - 1 = (5)^2 - 1 = 25 - 1 = 24
\]
Thus, the answer is 675. Therefore, the correct answer is (2) 675.