A Beanie Baby is a stuffed animal made by Ty Inc. Ty was founded by Ty Warner who promoted the line in specialty stores and gift shops. The Ty company's famous special "posable lining" is under stuffed with plastic pellets (or "beans") rather than stuffing, giving Beanie Babies a flexible and cuddly feel. A Beanie Baby is essentially a fancy bean bag in the form of a stuffed animal.