Meet my elephant! He's a bit messy, but cute. You can stitch one with this pattern from Knitty. Be forewarned, I think there's a mistake in it and things aren't always explained super clearly.
Mine is not really suitable to be a kids toy, because I used a variegated yarn and there are a few thin spots. C'est la vie! My sister knows one of those yarn super-careful and conscientious toddlers though, so possibly it's suitable for her.
Right now I'm finishing up the "Women are not..." piece and working on a pattern of The Cheat from the old Homestar Runner site (remember those cartoons? Good times...).