POSSIBLE NEW FAVOURITE! Looks like he's made out of foam. He's a punchable stress relieving mascot for the recently redundant. This year's HOT Christmas toy - Squidgy Bob Heller.
Squidgy Bob comes with three preset phrases - "I'm sorry we're going to have to let you go", "The budget just isn't there" and "This came from higher up".

Wonder how he chipped that tooth? Was it (a) snowboarding at the weekend, or (b) fainting after getting out of the bath a bit too quickly?