We’ve compiled this retro photo gallery showing some of the most popular toys back then, from Furbies and Tamagotchis to Pogs.
Some remain popular today, while others have not stood the test of time.
But they were all hugely sought-after in their day, with some being sold for many times their recommended retail prices to desperate parents determined to fulfil their children’s Christmas or birthday wishes.
Do you remember playing with these toys, or frantically searching for one to buy your child?
1. Furby
The Furby was first released in 1998 and quickly became the must-have toy, with more than 40 million shifted in just three years. The owl-like creature which learns and mimics phrases spoken by its owner has been updated over the years and remains a popular toy. John Harrison, of Malin Bridge, is pictured here in 1998 with one of two Furbies he bought. He sold the other one to a man from Leeds for £500 after paying £25 for each of them. | National World Photo: Steve Ellis
2. Teletubbies
The Teletubbies first hit TV screens in 1997 and Po, Dipsy, Laa-Laa and Tinky Winky were soon everywhere. The show spawned a hit song and toys of the characters, with their antennae and TVs for their bellies, flew off the shelves. Pictured in 1997 is Shannon Milne, then aged 19 months, of Woodthorpe, with her mum Michelle (right) and Janet Sheppard, who redunited the toddler with her lost Teletubby toy. | National World Photo: Roger Nadal
3. Tamagotchi
These digital pets proved a big hit following their release in 1996 and have stood the test of time, with more than 90 million reportedly sold over the years. Children must attempt to keep them healthy and happy by feeding them, playing with them and cleaning up after them, but they're no substitution for the love and affection of a real pet. Pictured is Tom Evans, then assistant manager of Toymaster at Meadowhall, with the latest Tamagotchis in 2005. | Sheffield Newspapers Photo: Steve Ellis
4. Buzz Lightyear
Toy Story and its sequels about the secret life of children's playthings have charmed youngsters and adults alike since Woody and co first hit cinema screens in 1996. For all the success of the films themselves, Disney has famously earned more from the merchandise. Much like in the original film, Buzz Lightyear, with his laser light, flick-out wings and 'to infinity and beyond' catchprahse, was the toy everyone wanted. Pictured with a Buzz Lightyear toy in December 1996 is sales assistant Sandra Turner at the Disney Store, Meadowhall. | Sheffield Newspapers Photo: Waistell