The political economy of the cultural industries has historically exploited ancillary markets by merchandising toys based on textual characters. This paper engages in the proliferation of these trends in the area of children's media production by arguing that meaning-making in very young children's media cultures is increasingly generated across intertextual formations that will include plush toys. By drawing on auto-ethnographic materials of children's meaning-making with television, books and such “teddy bears”, it is argued that meaning-making in this context might be best conceptualised in terms of play practices that are both global in their economic scope and singular in their location in everyday life. By drawing on Ron Scollon's model of “mediated discourse”, the paper explores the textuality of these texts, their connection to the economic imperatives of production, and their modelling of children's play as they are drawn into semiosis through parent and child interaction.