Plush Bunny
It's big, it's soft, and it's cute.
Overview
The Plush Bunny is a piece of furniture that can be purchased from 
It can also be won from the Crane Game inside the Movie Theater.
As a furniture item, it can be placed indoors as decoration. Because it is available from an event vendor and from the crane game, it is one of the more collectible decorative pieces rather than a progression item.
Official description
It's big, it's soft, and it's cute.