This Wonderful E.T. Cake was made by Of Cakes and Cupcake (and Apollo too). E.T. is holding a silver sphere in his hand with the words Sputnikfest 2012.
I always thought that E. T. was a cute alien. I liked the scenes in the movie where E.T. and Elliott are riding the bike through the air. I remember taking the Universal Studios tour and seeing the bike with E. T. A person from the audience would get to ride the bike with E. T. as they showed how the scene was filmed.
There are a lot of great in progress shots at Of Cakes and Cupcake Blog.
E.T. in progress