Yes, it's based on the Red Ryder brand which was popular for toy guns. The name gives the bb gun in 'A Christmas Story' a sense of authenticity, as if it could be a real item that a kid would covet.
The name of the gun in 'A Christmas Story' is the Red Ryder BB gun. This gun is significant as it drives much of the plot. Ralphie's obsession with it, his daydreams about using it, and his attempts to get it from Santa Claus are central to the narrative. It also represents the typical boyhood fantasies of that era, where a BB gun was a much - coveted item, especially one as cool - looking as the Red Ryder BB gun.
In the movie 'A Christmas Story', the bb gun is called Red Ryder Carbine - Action 200 - Shot BB Gun. The Red Ryder brand is a well - known name, often associated with Western - themed toys and items. This particular bb gun becomes a symbol of the boy's Christmas wish. It represents his longing for something exciting and grown - up. Throughout the story, the idea of getting this gun creates a lot of anticipation, humor, and some misadventures for the young protagonist.