This is the Gator from Kenner's M.A.S.K. line of toys with this one seeing a release in the 1st series of these way back in 1985.
The gimmick of this orange 4x4 Jeep was that it had a spring-loaded chassis that would left up and launch a Hydroplane that driver Dusty Hayes could pilot across the water to deal with enemy forces(V.E.N.O.M.)and other threats to the M.A.S.K. team.
The Hydroplane includes a Barrel Depth Charge and Roll Bar Gun along with a nice holding spot for Dusty's "Backlash" Mask if you so chose to place it there.
Mine shows some wear which is normal for these along with a small crack in the Hydroplane's body which i was aware before it was purchased for me so i have no problems with this because is still very cool.
The Gator is one of those things that really stood out for me because it was shown during the intro of the 80s cartoon which this line is based off of so it has always been something in the back of my mind i have wanted and now i have it in my little collection of things.