Every year, artist Amy Rawson creates a new Christmas version of Cthulhu, usually in felt (see 2007, 2008, and 2009). This year, Cthulhu is an elf made of clay! This one-of-a-kind sculpture is for sale through Rawson's Etsy store. Link
Out of my price range (and a tad overpriced, imo, but small-scale artists usually deserve a slight inflation), but I love it. Adorable. Though I'm feeling a bit Cthulhu-saturated these days. I hope he doesn't get as over-used as bacon.
My jaw dropped at the price. I would have expected maybe $50.