A uniquely shameful episode in American consumer history (JOYCE NALTCHAYAN/AFP via Getty Images)

Before Ty Warner became the billionaire architect of the notorious Beanie Babies bubble, he was minor royalty in the niche world of plush toys. His big innovation, unique at the time, was a line of Himalayan cats that were under-stuffed to make them floppier, and hence more poseable. “Fifty poses for the head alone!” bellows Zach Galifianakis, who plays Warner in new film The Beanie Bubble, which tracks how, for five magical years in the late Nineties, an obsessed public turned miniature stuffed animals into the hottest investment commodity around.
Beanie Babies were designed to be a child’s plaything. About the size of a human hand and made to look like animals — although there was the occasional seasonal ghost or pumpkin or snowman — each character came with a heart-shaped “Ty” tag with a bespoke poem inside. That tag became an avatar for the evolving role of Beanie Babies in American culture; as a secondary market began to boom on sites like eBay, a mint condition Beanie with its authentic tag still in place fetched the highest price.
Beanie Babies followed the trajectory of other collectible crazes from the Eighties and Nineties — baseball cards, Hummel figurines, Pokémon — but their rise was stratospheric by comparison, and, eventually, a whole lot more embarrassing. The Beanie Baby Bubble was not just a significant moment in American consumer history but also a uniquely shameful one. The divorcing couple dividing their Beanie collection on the floor of a Vegas courtroom; the drivers brawling for Beanies on a freeway after a Ty truck tipped over and spilled its contents; the petty criminal who went to prison after killing someone in a Beanie Baby buy gone wrong: these incidents say a lot about our country, and our culture, none of it flattering.
Perhaps this is why The Beanie Bubble seems so ambivalent about the man responsible for the national shame of Beanie mania — and so torn on the question of how responsible he actually was. A central paradox of this story is the view it takes of Warner, who it wants to at once blame for inflicting Beanie Babies on us, while also undermining his claims to having made them a success. Was Ty Warner the evil architect behind the bubble, or a bumbling man-child whose greatest talent was stealing the ideas of the more intelligent women with whom he partnered professionally, as well as, often, romantically?
About two-thirds of the way through, one gets the distinct sense that the film views its central subject with what can only be described as complete and total contempt. The middle-aged Warner is discovered weeping, on the floor, in the dark, by Sheila, his bewildered fiancé (played by Sarah Snook). Ty is supposed to become a stepfather to her daughters — but he’s having an existential crisis. “I can’t be a parent. I’m the child. I need to be taken care of,” he sobs, and collapses with his head in her lap. “Hold me like I’m a little boy!”
Sheila acquiesces, grimacing all the while. She’s completely revolted — as are we, the audience — and yet, also sort of empowered. Who really has the upper hand here: the middle-aged man having a blubbering meltdown, or the woman looking down at him as if a large slug had just crawled into her lap?
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