Ralphie Parker (original art)
But he didn't say "fudge." Here is professional sad sack, Ralphie Parker from A Christmas Story, looking like a deranged Easter Bunny. Surrounding him is a wreath bearing some subtle (and no so subtle) nods to elements of the film.
Original art, drawn, inked, and colored traditionally on 9x12 Bristol Board with acid-free ink and alcohol ink markers.
Actual item does not have watermark.