I made this yesterday. It's meant to be a gift for my cousin's little girl's first birthday on Sunday. I love it so much I may make another for IQ. I got the inspiration from Barbolot on Crafster. It's a great stash buster too. I used up some lace and ribbon I had laying around and it takes such a small bit of felt you can use up those scraps!
It also only took me around 20 mins to make. I didn't stuff it so just stitched around the edges. One thing I did forget though, was to add a hanging look at the top!
Here's my version: