But did you know that prized gift is made right here in Northwest Arkansas?
"A Daisy Red Ryder has always been one of America's favorite gifts and hundreds of thousands of young people got their start in shooting sports by receiving a Daisy Red Ryder for Christmas," Joe Murfin, vice president of marketing for Daisy said.
While that beloved gun from the movie didn't actually exist, thanks to writer Jean Shepherd who swore his gun was a Red Ryder, the company had to make one.
"Sheppard insisted that it was a Red Ryder and so in 1983 daisy did make some guns for the movie and then went ahead and made a Red Ryder with the compass and sundial in the stock to appease the demand the people that would have seen the movie and wanted the gun just like Ralphie."
Now thousands of kids, generations after generations have watched their dreams come true opening their Red Ryder on Christmas morning.
A tradition that continues today.
The newest era to the Red Ryder, is the Razorback Red Ryder BB gun. It's only been available since December 4th but they've already sold more than a thousand of them.
"It's been a very big success for the non-profit Daisy Museum who has the exclusive rights to sell that gun right now. And it's been a wonderful thing for hog fans all over the country to receive something from Northwest Arkansas with their Razorback on it."