Every year it seems there is that one toy that everyone goes crazy for...

Things like Tickle Me Elmo, Tamagotchis(!), and of course, the Cabbage Patch doll.

So what's the must have toy of 2012? Apparently everything old is new again, because 1998's favorite toy - The Furby - is back.

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That's right...the creepy Gremlin-looking toy once banned by US government agencies is now back in high demand, being called the 'it' toy of 2012.

I remember my friend Ashley had one back in the day...they were cool, but got annoying REAL QUICK.

What else is hot this year? Simple stuff like Lego Friends and Imaginext toys, and of course lots of gadgets to break the bank -- Wii U, kid-friendly tablets, and then there's this:

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The Razor Pocket Mod Electric Scooter.

Let's be serious, this is a Vespa for kids, and any kid zippin' around on this thing is automatically cool in my book.

No matter what you get your kids this year, Merry Christmas, Happy (Assorted) Holidays, and all the best to you and your family in the new year!

What's the toy your kids are asking for most this year? Tell us in the comment section below!