Popples
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Popples was a series of fictional characters created by Those Characters From Cleveland (TCFC), a subsidiary company of American Greetings, and the plush toys were manufactured by Mattel. Produced in the 1980s, these toys resemble brightly colored teddy bears (but with lion tails and hair orbs at the tip), and have pouches on their backs that can be inverted, so they are in the pouches and resemble brightly colored balls.
A revival is currently being attempted by Playmates Toys (who are also the current makers of toys featuring another American Greetings property, Strawberry Shortcake), however this rendition (which currently only has four characters with names ending in "popp") is significantly different from the original 1980s incarnation (which had various different characters with names beginning with "P").
[edit] Other merchandise
In 1986, a two-season Popples cartoon series aired on Saturday mornings, and there was a four-issue comic book series from Star Comics based on this cartoon (which was intended to be five issues long, but the fifth issue was never published).