Prince Charming's Horse, 1992 McDonald's Happy Meal, $0.75, Sell It Here I, 3/2014.
Next to a Stablemate for scale.
The plastic is heavy and of a better quality than most cheap freebies, plus there is "Disney China" in tiny letters on the inside hind leg. I could not find out what it was, so I asked on Model Horse Blab and had my answer (complete with reference pictures) in thirty minutes!
Normally I shy away from adding these kinds of horses to my collection, but he is kind of cute in his own way. Plus, I looked at him twice before I went back to get him so it was not a hasty decision. The cost certainly was okay!