Beanie Babies are small, stuffed animals filled with plastic pellets, giving them a unique, flexible feel. Created by Ty Inc. in the early 1990s, these toys quickly became popular collectibles due to their limited editions and unique designs. Each Beanie Baby has a name and a birth date, often accompanied by a poem on its tag. The craze for Beanie Babies peaked in the mid-1990s, leading many collectors to believe they would increase in value over time. While some rare Beanie Babies have sold for high prices, the market has since stabilized, and many are now worth only their original retail price.