What is an Beanie?

An Beanie is a small, stuffed animal, usually made of felt, wool, leather or cloth. It is usually offered at sporting events. A lot of collectors say that they do not feel any sentimental attachment towards their Beanie collection. Instead, they invest endless hours studying the market and learning its complexities. Additionally, they realize that their pursuit is a bit silly, and that some people might find them to be crazy.
Beanie Babies were distributed during a baseball game.

Since 1997 since 1997, in the year 1997, Major League Baseball teams have distributed Beanie Babies during baseball games which has brought thousands of spectators to their stadiums. Ty has collaborated with MLB to create special tags for Beanie Babies to commemorate players as well as special events. They include Mac the Cardinal, Rocket the Blue Jay and Sammy the Bear. Each has its own giveaway day.
They are important

Vintage Beanie Babies are worth the price, based on their condition and the rarity. Some collectors will pay as much as $50,000 for an original 1992 Ty Beanie.  beanies  will spend more than $25,000 for an original 1995 Lefty the Donkey.
They are constructed of cloth, felt, wool leather, silk or

Felt is one of the toughest fabrics. It is composed of tiny fibers interlocked in every direction. It is therefore lighter than woven fabric that is made of twisted fibers in a straight line. Also, it is the most durable fabric as it requires the least amount of fibers to be strong. Felt is also waterproof , stain-resistant, as well as hypoallergenic.
They've got a clown's face.

The  beanie  has a huge clown face and propeller. It is made from acrylic yarn and comes in one size that will fit most.  https://punctual-penguin-wb1t02.mystrikingly.com/blog/precisely-what-is-an-beanie-a4b3b462-3f39-4be7-8374-73f5225a29df  is also embroidered front art as well as plush fur.

They are made of an brimless cap

Beanies are small hats constructed of wool, felt fur, hair, or wool. These materials are compacted and then shaped with a combination of rolling, pressing, and heating. Fez is a brimless , flat top cap made from red felt. It is usually worn as a hat in winter when temperatures is below freezing.