A mythical figure developed by parents in the 90's in order to discipline unruly children. Essentially her job is to find naughty boys and girls and whilst they slumber, she takes any and all toys that they may possess as a form of punishment. A note is supposedly sometimes left to inform the children of the misbehavior.
"MOMMMMYYYYYY!!!!"
"What is it sweety?"
"ALL MY TOYS ARE GONE!!!"
"I told you that the Toy Fairy was gonna come and take them."
"What is it sweety?"
"ALL MY TOYS ARE GONE!!!"
"I told you that the Toy Fairy was gonna come and take them."
by kasairashi May 28, 2012

A euphemism for the private parts of a clown as brought about by the January 9, 2010 post on the Cake Wrecks website.
by Jo Sterling January 9, 2010

by toyplayer May 8, 2010

by Stanley May 4, 2004

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