At the time, I was much more into Star Trek than E.T., but many of my friends got into "collecting" mode over the blockbuster and sentimental film about a boy named Elliott (a young Henry Thomas) and his homesick alien pal.
LJN produced a line of E.T. action figures to spur the toy craze. Among the items available were an E.T. Pop-Up Spaceship, an E.T. and Elliott Powered Bicycle, an E.T. Wind-Up Walking Figure, E.T. and Spaceship Launcher, an E.T. Stunt Spaceship, and E.T. 3 and 3/4 inch action figures.
One of the most popular E.T. toys was this talking figure. Designed for ages 3 and up, this action figure stands approximately eight inches tall, features a painted red heart, and can utter such words as "home," "ouch" and "Elliott." The talking figure could also say his own name. three times: "E.T. E.T. E.T." All you had to do to activate the little guy was pull the string on his back.
My parents found this particular collectible on a yard sale excursion with my son Joel and bought it for three dollars. As you can see, it's in pretty good condition for a thirty-year old toy. Personally, I think it makes a good book-end with my LJN Gremlins action figure...
Below, an LJN commercial for the E.T. line.