This is the Land of the Lost Cosmic Signal made by Larami in 1975.

Put the battery inside, squeeze the trigger, it lights up. It's a gun, it's a flashlight, its a Cosmic Signal!

It is hard to believe that the battery which has sat sealed inside this package has not started leaking or causing other chemical problems in the last 25 years it has been sitting in there. I've had batteries go sour after 6 months, but not this puppy.

I promise I'll put a better picture up to replace this one as soon as I get access to a certain digital camera I have my eye on.