Child star Peter Billingsley has asked his girlfriend to marry him

Credit: Everett; Ilya S. Savenok/Getty

She said yes!

A Christmas Story actor Peter Billingsley is engaged to his girlfriend Buffy Bains, PEOPLE can confirm.

Billingsley, who made his claim to fame after playing Ralphie in the 1983 Christmas classic, has most recently been featured in Hollywood hits including Elf, Iron Man and The Break-Up.

The actor, 44, now works as a producer in Hollywood, executive producing blockbuster films like Iron Man and Couples Retreat.

In 2010, he brought his childhood role back to life when he executive-produced A Christmas Story: The Musical!.

“The film brings a lot of joy to a lot of people,” he said at the time. “I always get asked, ‘Aren’t you over it?’ But I’m not.”

In fact, he keeps memorabilia from the film.

“I still have the gun,” he added. “And I sadly still have that bunny suit.”