This is a little dynamic figure of Falkor (or Fuchur), the karma winged serpent from The Neverending Story.
A wrench can be pivoted on the finish of the model to make the mythical serpent move, with the body following a wave design. You can see it in real life in the video alongside a full clarification of how it functions.
The stand additionally incorporates some symbolism from the story, including the Ivory Tower and Southern Oracle. The dark area on the finish of the stand speaks to the Nothing, as it gradually envelopes the world.