The "Pull Back ET Toy" is a contemporary diecast and toy vehicle. It has a pull-back mechanism that propels the toy forward when released. The toy is likely based on the popular character from the movie "E.T. the Extra-Terrestrial”.

Thanks, AI. Straight from my childhood closet, this could be yours. It does work. On a flat surface and slowly. The hatch does not open. I had one as a kid that did have an opening hatch, but this is not it. That one is lost to time. But this could be yours!