This article below was brought to my attention by Anna Miller, from Ahhh, such fond memories of my childhood and probably not so fond memories of my parents who I'm sure had to deal with the crazies waiting in long lines. (lol). Enjoy:

As if the travel and family commitments didn't make Christmas crazy enough, the holiday season is often marked by a conspicuous consumption and pursuit for certain random products that's downright insane. Every year or two, some new fad hits the scene and sends kids into a frenzy and their parents into a fury, and just as quickly, those crazes are forgotten as shoppers move onto the next big thing. In a sense, every toy craze is regrettable, but the ones listed here are probably the worst. Although the kids who caused them are either in college or grown by now, the memory of these fads lives on.
  1. Tickle Me Elmo: One of the most infamous fad toys ever released, Tickle Me Elmo made 1996 a living nightmare for parents trying to buy them and for other people trying to avoid them. Like all good crazes, this one came out of nowhere to take the country by storm, as the vibrating, laughing doll wormed its way into kids' lives everywhere. The toy proved so popular that sales stayed high for more than a year and new shipments would often sell out quickly across the country. A Walmart employee in 1996 was tackled by 300 customers fighting to get the last doll, and he got a concussion for his trouubles. Worth it? No way.
  2. Cabbage Patch Kids: There's something inherently creepy about pretending your dolls were born in a field of vegetables. Cabbage Patch Kids exploded in popularity in the early 1980s, with riots breaking out in the 1983 shopping season as consumers clamored to get their hands on the latest craze. More than 2 million dolls sold in the first year alone! A few years later, though, the fad had waned and Coleco was facing debt, forcing them to sell the brand to Hasbro.
  3. Beanie Babies: When future generations look back at our time, we will be forced to apologize for Beanie Babies. The toys were nothing more than small plush animals with simple names like Splash the Whale and Cubbie the Bear, but in the late 1990s, they were a Christmas toy that parents sought like gold. Beanie Baby collectors -- presumably having little else to do with their days -- stockpiled less common models and sent their value skyward, selling them for thousands of dollars online. When McDonald's partnered with Ty to issue some of the toys in 1997, the holiday fad only got hotter.
  4. Furby: In 1998, everyone wanted a Furby. It didn't matter that the fur-covered toy robots resembled gremlins caught between furry and scaly; sometimes, these things just get popular for no reason. The toys start out speaking "Furbish" but eventually "learn" to speak English, meaning their programmed chips gradually spit out more recognizable phrases the longer you own one. By 2005, more than 40 million Furbies had been sold.
  5. Pogs: What were we thinking? No, really: what were we thinking? As with many Christmas crazes, pogs were cheap trinkets marked up by virtue of being an inexplicable fad. The thin cardboard discs were bounced around with the aid of a heavy slammer; basically, it was like marbles or jacks, just with Metallica stickers (or Alf). The toys had been around for years but went huge in 1995 before fizzling out when owners realized they were spending serious stacks of cash for paper trash.
  6. Mortal Kombat: The greatest allure is that which is forbidden. Put another way, boys will always want the stuff they're not allowed to have, especially if the prohibition is a result of violence or graphic adult content. The Mortal Kombat arcade game was the most popular of its time (and, blowing up in the early 1990s, arguably the last great arcade release), and the resulting 1993 Sega Genesis version became one of the biggest sellers in the history of Midway Games. The game had been toned down for home use, turning the blood into "sweat" that could be reversed to its original red splatters by inputting a code.
  7. Pokemon: There are, no lie, currently 649 fictional Pokemon species that have appeared in the franchise's various media elements. The trading card game and animated series exploded in the U.S. at the end of the century, and the resulting media frenzy and sales explosion was turned into a hilarious episode of South Park that lampooned the game as just a cheap ploy to make kids buy bad merchandise. If it was true, the kids didn't care. The 1999 holiday season was an avalanche of interchangeable and forgettable characters.
  8. Bratz: Bratz pulled off the impossible by making parents long for the days when their daughters were only getting bad advice on gender roles from Barbie. The female dolls sported big eyes, thick makeup, and clothing that could best be described as morally casual. The dolls hit it big beginning with the 2001 Christmas season and sold more than 125 million units in their first give years. The franchise has since spawned a TV series and a movie.
  9. Tamagotchi: Tacky, tiny, and seemingly everywhere in the late 1990s, these keychain-size games required users to keep "feeding" an electronic pet unless they wanted to let it "die." By 2008, more than 70 million (!) of these things had been sold, and chances are most kids found one in their stocking when the craze was in full swing a few years ago. Now, though, we've all moved on to the latest attention-sucking gadget: cell phones.
  10. Pet rocks: The Me Decade gave us bad shirts, Watergate, and pet rocks; it's still debatable which of those was the worst. Pet rocks were meant to be a gag, created in 1975 by California ad exec Gary Dahl as a jokey response to everyone who ever complained about the difficulties of training and caring for an actual animal. But, this being the '70s, the fad took off in a real way, as everyone clamored to have the hip and ironic pet rocks for Christmas that year. Sales peaked that season and then mercifully dropped off. If you spent the $3.95 (about $15 today) on one, congrats: you have a rock in a box. If you missed out, well, there's always eBay.