What exactly is an Beanie?

The Beanie is an incredibly small, stuffed animal made of felt, wool, leather or cloth. It is typically offered at sporting events. Many collectors claim that they do not feel any sentimental attachment with their Beanie collection. Instead, they invest many hours studying the market and learning about its intricacies. In addition, they know that their passion isn't exactly jolly, and that others might find them to be crazy.
Beanie Babies were given out during a baseball game.

Since 1997 since 1997, since 1997, 22 Major League Baseball teams have distributed Beanie Babies during baseball games and attracted thousands of fans to the stadiums. Ty has worked with MLB to create special tags to Beanie Babies to commemorate players and special events. They include Mac the Cardinal, Rocket the Blue Jay, as well as Sammy the Bear.  https://urquhart-campbell.mdwrite.net/what-exactly-is-an-beanie-1680312740  of them has their own prize day.
They are important

Vintage Beanie Babies are valued, depending on the condition and the rarity. Some collectors can be willing to pay up to $50,000 for an original 1992 Ty Beanie. Other collectors will pay more than $25,000 for an old-fashioned 1997 Lefty the Donkey.
They are constructed of wool, felt, cloth, leather, or silk

Felt is one of the most durable fabrics. It is composed of tiny fibers which are interlocked in each direction. It is therefore lighter than the woven fabric which is composed of twisted fibers in a straight line. Also, it is the strongest fabric since it needs the minimum amount of fibers in order to be tough. Felt is also waterproof and stain-resistant, as well as hypoallergenic.
They sport a clown face.

The  beanie  has a huge clown face with a propeller. It is made of acrylic yarn and comes in one size fits most.  https://te.legra.ph/What-is-an-Beanie-04-01-15  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 felt, wool fur, hair, or wool. The materials are compressed and then shaped by a process of rolling, pressing, and heating. Fez is a brimless flat top cap made from red felt. It is often used as a hat during winter, when the temperature is below freezing.