A Beanie Baby is a stuffed animal, introduced on January 8, 1993, and made by Ty Warner Inc., which was later renamed as Ty Inc.. Each toy has an inner "posable lining" and is stuffed with plastic pellets (or "beans") rather than stuffing (see PVC and PE), giving Beanie Babies a flexible feel. A Beanie Baby is essentially a fancy bean bag in the form of a stuffed animal.
The original nine Beanie Babies launched in May 1993 were Legs the Frog, Squealer the Pig, Spot the Dog, Flash the Dolphin, Splash the Whale, Chocolate the Moose, Patti the Platypus, Brownie the Bear (later renamed "Cubbie") and Punchers the Lobster (later renamed "Pinchers"), Valentino, The valentine's Bear was introduced in late 1993 (not part of the Original 9). The line became a phenomenon in the late 90s when Beanie Babies became both a fad and a collectible. Ty decided to stop making Beanies in 1999; however, consumer demand made Ty Warner change his mind. He continues to run Ty Inc. and design new Beanie Babies to this day.
Teenie Beanies, an offshoot of the Beanie Babies line, were made by additional manufacturers for a few McDonalds Happy Meal promotions.