Hyderabad, July 5 -- If you've spotted a strange little creature with wild hair, wide eyes, and a cheeky grin sitting on someone's desk, bookshelf, or even hanging from a handbag congratulations, you've just met Labubu, the latest collectible craze sweeping through the world and our Hyderabad isn't spared too.

What Exactly Is Labubu?

Labubu isn't your typical soft toy. It's part of a designer collectible series created by Kasing Lung, a Hong Kong-based artist, in collaboration with the popular toy brand Pop Mart. Labubu belongs to a fantasy world called The Monsters and its distinct features (tall ears, bug eyes, devilish smile) give it a look that's both adorable and eerie or "ugly cute" as the fans love to call it.

But here's the twi...