This is the Boyds Tigger Christmas ornament from their Winter Holiday collection, released in 2000.
It is a stuffed Tigger plush, with Tigger wearing a green knit scarf and a green knit ski cap. The cap has an embroidered snowflake.
The tags on the ornament indicate that this was sold by The Walt Disney Gallery. The Boyds tag states the the style number is #95975DS, and that this ornament is part of the Boyds Bears & Friends ARCHIVE COLLECTION.
The matching 12″ tall plush that paired with this 5-1/2″ ornament originally sold for $45.