From Handmade by Robots, it's Ghostface, in mini form. This is a special bloody, glow-in-the-dark, Geek Fuel exclusive, limited edition piece numbered to 1000.
These preposterously adorable vinyl figures are:
Officially Licensed
Approximately 1.75 inches tall and perfect for display or play
Designed to look like knit fabric at a glance, but are actually made of vinyl.