What exactly is an Beanie?

A Beanie is an incredibly small stuffed animal, usually made of felt, wool, leather or even cloth. It is often donated at sporting events. Many collectors swear that they have no emotional attachment with their Beanie collection. Instead, they invest endless hours studying the market and learning about its intricacies. In  beanie hat , they know that their passion isn't exactly jolly, and that other people may find them to be crazy.
Beanie Babies were distributed at the end of a baseball game.

Since 1997 since 1997, since 1997, 22 Major League Baseball teams have given away Beanie Babies during baseball games and attracted thousands of spectators to their stadiums. Ty has worked with MLB to create special tags specifically for Beanie Babies to commemorate players and special events. They include Mac the Cardinal, Rocket the Blue Jay, as well as Sammy the Bear. Each one has its own unique giveaway day.
They are extremely valuable

Vintage Beanie Babies can be worth the price, based on their condition and rarity. Some collectors can pay as much as $50,000 for an original 1992 Ty Beanie. Others will be willing to pay more than $25,000 an original 1995 Lefty the Donkey.
They are made from wool, felt, cloth leather, silk or

Felt is one of the toughest fabrics. It is composed of tiny fibers which are interlocked in each direction. It is therefore lighter than woven fabric that is made up of interlocked fibers that are twisted in a straight line. Also, it is the strongest fabric because it requires the minimum amount of fibers in order to be tough. Felt is also waterproof , stain-resistant and hypoallergenic.
They've got a clown's face.

This beanie is adorned with a big clown face and propeller. It is made of acrylic yarn and comes in one size that fits all. This beanie has an embroidered front design and plush hair.
https://telegra.ph/What-is-an-Beanie-04-01-19  are made of an unbrimmed cap

The smallest hat, known as a beanie is constructed from wool, felt fur, hair, or wool. These materials are compacted and then shaped with a combination of pressing, rolling, and heating.  https://click4r.com/posts/g/8887697/what-is-an-beanie  is a brimless , flat top cap made from red felt. It is often used as a hat during winter, when the temperature is below the freezing point.