This Elliott vinyl figure is released by Funko in their POP! Movies x E.T. the Extra-Terrestrial vinyl figure series.
Funko POP! is a crossover vinyl figure series by Funko and other famous franchises such as Disney, Pixar, DC Comics, Marvel Comics, Simpsons, South Park, Uglydoll, etc. Each POP! figure is about ~3" to ~5" tall and crafted in a Japanese anime/manga super-deformed style (NOTE: due to the unique design of each character, the actual size of the figures may be smaller or bigger than stated).
The POP! Movies x E.T. the Extra-Terrestrial series features characters from the 1982 American sci-fi film directed by Steven Spielberg, which tells the story of Elliott, a lonely boy who befriends an extraterrestrial, dubbed "E.T.", who is stranded on Earth.