In the “I Love Lucy” episode The Ricardo’s Change Apartments Ricky discovers a squeeky toy under his seat cushion when he sits on the armchair. Froggy the Gremlin was a well known character on radio and TV during that era. In 1948 the Rempel Company produced a Froggy the Gremlin rubber squeak toy and the one Ricky has looks like the 9 inch version. 
Little Ricky’s squeak toy is a Froggy the Gremlin rubber squeeze toy made famous by Smilin’ Ed McConnell on the Buster Brown Gang radio show in the 1940’s and the later TV show.
An original Froggy in his box in good condition is a collectors item now and can easily sell for over $500 on eBay.
If you are buying one read the description carefully, the vintage rubber has hardened in some cases. The Froggy the Gremlin toy pictured above is on eBay this week CLICK HERE to view.
See Froggy the Gremlin on the 50’s kiddie show “Andy’s Gang”.