What exactly is an Beanie?

An Beanie is an incredibly small stuffed animal that is usually made from felt, wool, leather, or cloth, which is often given away at sporting events. Many collectors claim that they do not feel any emotional attachment towards they own in Beanie collection. Instead,  beanies  invest many hours looking into the market and learning its complexities. In addition, they know that their passion isn't exactly jolly, and that others might find them to be crazy.
Beanie Babies were distributed at the end of a baseball game.

Since 1997 in 1997, over in the year 1997, Major League Baseball teams have distributed Beanie Babies during baseball games and attracted thousands of spectators to their stadiums. Ty has worked with MLB to develop special tagging specifically for Beanie Babies to commemorate players and other special occasions. This includes Mac the Cardinal, Rocket the Blue Jay as well as Sammy the Bear. Each has its own giveaway day.
They are important

Vintage Beanie Babies are valued, depending on the condition and the rarity. Some collectors can pay as much as $50,000 for a 1992 Ty Beanie. Some collectors will pay more than $25,000 for an old-fashioned 1996 Lefty the Donkey.
They are constructed of wool, felt, cloth, leather, or silk

Felt is one of the strongest fabrics. It is made up of tiny fibers that are interlocked in every direction. This makes it lighter than woven fabrics that is composed of twisting fibers in straight lines. It is also the most durable fabric since it needs the minimum amount of fibers in order to be durable. Felt is also waterproof and stain-resistant, as well as hypoallergenic.
They sport a clown face.

This beanie features a large clown face that has a propeller. It is made from acrylic yarn and is one size that fits all. This clown  beanie   also has embroidery on the front as well as plush fur.

They are constructed from a brimless cap

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