This is a vintage McDonald's "Baby Fozzie Bear" toy.
It has a soft texture with white plastic eyes and a stiff jaw. The bear also has a green scarf with red ends. The toy is in a sitting posture with its arms extended outward.
When laid flat it measures approximately 7.25" wide, 7.25" long, and 4.5" tall.
The toy was made in China in 1988 from polyester fibers.
It comes in good pre-owned condition with some wear.