What exactly is an Beanie?

An Beanie can be described as a tiny stuffed animal that is usually made from wool, felt or cloth. It is usually donated at sporting events. Many collectors swear that they don't feel any sentimental attachment with their Beanie collection. Instead, they invest endless hours studying the market and gaining knowledge of the nuances. They also know that their pursuit is a bit silly, and that others might consider them insane.
Beanie Babies were given out during a baseball game

Since 1997 since 1997, 22 Major League Baseball teams have distributed Beanie Babies during baseball games which has brought thousands of fans to the stadiums. Ty has worked with MLB to create special tags for Beanie Babies to commemorate players and other special occasions. These include Mac the Cardinal, Rocket the Blue Jay, as well as Sammy Bear. Bear. Each of them has their own prize day.

They are important

Vintage Beanie Babies can be valuable, depending on the condition and rarity. Some collectors are willing to pay as much as $50,000 for an original 1992 Ty Beanie. Others will pay more than $25,000 for a vintage 1997 Lefty the Donkey.
They are made of cloth, felt, wool leather, silk or

Felt is one of the strongest fabrics. It is made up of tiny fibers interlocked in every direction. It is therefore lighter than the woven fabric which is composed of interlocked fibers that are twisted in a straight line. Additionally, it's the longest-lasting fabric since it needs the most fibers to be tough. Felt is also waterproof , stain-resistant, and it is hypoallergenic.
They sport a clown face.

The  beanie  has a huge clown face and propeller. It is made of acrylic yarn and is one size that fits all. This clown beanie also has embroidered front art as well as plush fur.
They are constructed from an brimless cap

The smallest hat, known as a beanie is constructed of wool, felt fur, hair, or wool.  beanies  are compacted and then shaped with a combination that involves rolling, pressing and heat. Fez is a flat brimless top cap made from red felt.  https://ctxt.io/2/AABQlM18Fg  is usually used as a hat during winter when temperatures is below the freezing point.