Sesame Street Fluffballs!

Hallmark released a new line of plush called fluffballs. 

Fluffballs are plush heads of famous characters that can also be used as ornaments, though I didn't see any way to attach a hook. 

The initial wave consists of Cookie Monster, Elmo, Abby, and Big Bird. 

The Cookie Monster and Elmo Fluffballs were spotted at Walgreens in their Hallmark section and may be at other retailers as well.