Why does everybody want a Labubu?

( Raimonda Kulikauskiene/Getty Images; Ying Tang/NurPhoto via Getty Images) First it was the Cabbage Patch Kids frenzy in the 1980s, then the Beanie Baby boom in the ’90s. Now, in 2025, Labubu is the latest toy inspiring a collective craze across the world. If the name doesn’t ring a bell, an image is sure to jog your memory. Scroll through social media and you’re guaranteed to be served videos, ads and think pieces around the unique character: a fuzzy figure boasting pointed ears, a Cheshire Cat-like grin and a set of serrated teeth. In just a few weeks, the ugly…