Wood jointed doll toys with flexible arms and legs, popular in the 1930s.
George Borgfeldt & Company distributed a variety of wooden Disney characters under the Fun-E-Flex Co. name.
The most popular Fun-E-Flex dolls were Mickey, Minnie, Donald, and Pluto. Other pieces included the Duck (in yellow or red), chick with wheelbarrow, Horace Horsecollar, and Charlie McCarthy.
What's it worth? Take a look at this Fun Flex price guide: sold listings for a value indication.