Cute and Collectible.  This is "Michael" a stuffed plush 12 inch Bunny from The Bialosky Treasury by Commonwealth Toy & Novelty Co. Inc. 1997. 

 Bialosky Treasury Collection

.  Michael - Limited Edition Easter Plush Bunny Rabbit

.  Light beige soft faux fur

. Fully jointed

. Rotating head

. Dressed in blue striped jacket

. Pink velour inside bunny ears

. Pink stitched nose

. White cottontail