It's 1998 and Furby reigns supreme. The five-inch doll with bulging eyes and a round mouth was a cute toy that looked a little like the gremlins of the 80s. Part of the interest in the toy was that it displayed lifelike qualities. The toy responded to light, sound, and touch and have the ability to learn and speak English. Conversely, it could teach its owner how to speak furbish a mixture of several language sounds.
The toy was first demonstrated at the 1998 Toy Fair in New York City. The toy was in Time magazine and USA Today and on television shows. This media attention fueled demand for the toy and by the time it was released in October Tiger Electronics had already sold out the initial lot of 1.3 Million units.
By Christmas Furbies couldn't be found anywhere and a few brave capitalists that had caught onto the craze early enough started selling theirs on the Internet. Furbies reached a dizzying status going for the incredibly as much as 10 times their purchase price.
It's soft it talks and in 1998 the Furby walked all the way to the top of the Wish List