In 1982, Knickerbocker Released the E.T. Finger Light Toy Which Was Quickly Removed From Stores

The 1982 E.T. Finger Light by Knickerbocker Toy Co. is one of the most infamous movie tie-in merchandise failures in toy history. Released to capitalize on the massive success of Steven Spielberg’s E.T. the Extra-Terrestrial, the toy was pulled from store shelves just months after its launch due to intense controversy over its design.