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Beanie Babies are small plush animal toys filled with plastic pellets, created by Ty Inc. in 1993. They gained immense popularity during the late 1990s and early 2000s due to their limited releases, unique designs, and collectibility factor. Each Beanie Baby has a tag sewn onto its ear or body that includes the name of the toy, birthdate, and Ty's signature. The craze surrounding these toys led to a thriving secondary market where they were bought, sold, traded, and even used as investments in hopes of earning substantial profits from rare or highly sought-after editions. Today, Beanie Babies are still popular among collectors who appreciate them for their nostalgic value, variety, and potential investment opportunities.