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She's the kind of tchotchke a grandma would have back then, probably popular enough in the 40's-70's but less so as things became more minimalist. If you were around back then you probably saw something like this in an older person's house.
Bo Peep is a more stylized version of it- but most of the TS toys skew to stylized versions. IRL Buzz's design would've been for a toddler toy, where as the the movie shows him as equivalent to a toy for 6-11 year olds.
