This Precious Moments figurine is part of their Family Christmas Scene series. It depicts a roaring fireplace decorated for Christmas with a candle, holly, baubles and stockings. It also includes a humorous depiction of the family cat trying to lure a mouse with some cheese on a string.
This fireplace was introduced in 1990 and suspended from production in 1992. This particular one is from the first year of production, as indicated by the 1992 annual production mark of the flame, and it comes in the original box.