A Beanie Baby is a stuffed animal, made by Ty Warner Inc., which was later renamed as Ty Inc. in late 1993. Each toy has an inner "posable lining" and is stuffed with plastic pellets (or "beans") rather than conventional stuffing (see PVC and PE), giving Beanie Babies a flexible feel.

The original nine Beanie Babies launched in 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"). The line became a phenomenon in the late 1990s when Beanie Babies became both a fad and a collectible. Ty, Inc.

stopped producing the product in 1999; but consumer demand led them to reconsider. In 2000, a Beanie Baby named "The Beginning" was introduced to remind people of Beanie Babies' comeback. Teenie Beanies, an offshoot of the Beanie Babies line, were made by additional manufacturers for a few McDonalds Happy Meal promotions.

They are not new Beanie Babies, but Beanie Babies in a smaller size. The phenomenon of Beanie Babies is an example of a product of popular culture. Based on the sales and revenue of this toy, Ty Warner Inc.

created an empire worth over $6 billion. In 1995, there was fear that the public was losing interest in this hot commodity. In fact, demand was increasing significantly, resulting in a profit of $250 million in the following year, with substantial re-sale value in the secondary market.

In 2008 Ty, Inc. released a follow-up line, Beanie Babies 2.0, for use on online games on the Ty website.

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