This is a Christmas ornament of Tigger riding a snowboard.
(It looks like Tigger is riding a surfboard, but do you really expect Tigger to be riding a surfboard in winter? It’s definitely not a surfboard, but a snowboard.)
It was released by Scholastic/Grolier as part of their President’s Collection of limited editon Disney character ornaments.
Tigger is wearing a green scarf with red accents, and is riding a green snowboard that is decorated with snowflakes.
The blue box is labeled as “Tigger from Disney’s Winnie the Pooh, President’s Edition” , and is also printed with the following disclaimer information:
Produced by Scholastic and Licensed by Disney. This is a keepsake quality ornament and not a child’s toy. Made in China. 35600-214