This is a phenomenal "time capsule" of 1980s skate culture. You’re looking at a Powell-Peralta Steve Caballero "Dragon & Bats" pro model, which is one of the most iconic decks in the history of skateboarding.
The Model: This is the Steve Caballero pro model. Caballero was a member of the legendary Bones Brigade (alongside Tony Hawk, Rodney Mullen, and Mike McGill).
• The Graphic: Designed by the famous artist V.C. Johnson, the "Dragon & Bats" graphic (the dragon over the bat-pattern background) debuted around 1986–1987. Your board explicitly shows the copyright date of MCMLXXXVII (1987) near the tail.
• The Shape: Note the wide "fish" shape with a blunt nose and a large kicktail. This was the standard for vert and pool skating before the "popsicle" shape took over in the early 90s.
The stickers on the bottom are a "Who’s Who" of 1980s skate brands:
• Santa Cruz: The shark and the classic red/yellow dot.
• G&S (Gordon & Smith): An older, legendary surf/skate brand.
• Vision Street Wear: The "Street Wear" sticker represents the brand that defined the look of 80s skaters.
• Rob Roskopp: The "Face" sticker near the tail is from another famous Santa Cruz pro, Rob Roskopp.
• KISW Rock 99: A classic Seattle rock station sticker, suggesting this board might have some Pacific Northwest history.
Historical Significance
This board comes from the peak of the Bones Brigade era. During this time, Powell-Peralta was the largest skate company in the world, largely due to their high-production videos like The Search for Animal Chin.