What an angry Sonic! This is one of the few toys where he's actually unhappy...

A Sonic the Hedgehog Crash-N-Smash motorcycle toy. The Sonic is not the greatest likeness, but it was done in 1995, as you can read. The right photo makes it look huge...But it is actually tiny. When it crashes, the Sonic flies off and gets lost under the sofa. You should also use caution when launching it, as it is propelled quite quickly, and backward right at you and Sonic is also sharp. A dangerous toy? Possibly...
Credit for the main photo goes to MCRG, along with the info that he could be hazardous to crash.