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LOL items, made by MGA Entertainment, which also owns Bratz, are expected to bring in at least $500 million this year alone, according to AdAge. Price tags on LOL toys range from $5 to $240.

Create movie magic this holiday season with the LOL Surprise! OMG Movie Magic Studios set -- complete with over 70 surprises enclosed inside and 12 dolls to film movies with.

LOL Surprise now accounts for seven of the top 10 toys in the United States, according to NPD, and it was the top toy in October. A set of LOL Surprise dolls from the Under Wraps series.