Have I spotted the first "elf" of Xmas?
According to my Renaissance campaign friends no, it is a legitimate element of a DBR (Thirty Years War period) Army List (see below):
In the manner of a "competition without prizes" but bestowing prestige and praise from friends on clever or correct answers .. "What is it"? He certainly rides a strange four-legged beast, but some may argue there should be more white, of a snowy nature, on the base (see below):
Note: This is not a extra cast-off from the second Hobbit film GW collection!
I will be intrigued if there are any answers, next week I will post the answer as it was told to me, in a comment.
Have fun thinking on this one :)
PS Sadly I do not own this figure, which is a composite from legitimate historical figure ranges and purchased from reputable historical figure manufacturers, nothing 'fantastical' at all about it.