Chances are you've heard about Labubus dolls, which are a bunch of plush monsters sold by Pop Mart and designed by Hong Kong artist Kasing Lung that are quite adorable. It feels like the Beanie Babies craze of the 1990s all over again (yes, I'm old, sorry not sorry).

But with the Labubu craze has come some... crazy behavior. There are crimes being committed involving Labubus. There are some fake Labubus that aren't actual Labubus that are known as Lafufus (I would call them Lafauxfaux but that's me).

What's this all about? Let's dive in and explain the Labubu fad and all the wild stuff that's come with it:

What are Labubu dolls?

As we mentioned: It's a little furry monster sold by Pop Mart and designed by Kasing Lung. They are grabbed online within minutes when sold and then resold for A LOT more money.

What's this now about a Labubu heist?

From USA TODAY:

Burglars wiped out a California store's entire Labubu monster doll collection during a heist this week, making off with thousands of dollars' worth of the viral toy.

According to the Los Angeles County Sheriff’s Department, the heist occurred at a store in La Puente, a city about 20 miles east of downtown LA and about 18 miles north of Anaheim.

That's about $7,000 worth of Labubus.

Why are Labubu dolls so expensive?

Supply and demand! There's a huge demand for them, so the resale value can be double or triple what it's sold for.

What's the price for a Labubu doll?

So-called blind boxes are for $27.99.

Are Labubu dolls really like Beanie Babies?

Absolutely. People would sell Beanie Babies for thousands of dollars online and they would be bought!

This article originally appeared on For The Win: What's a Labubu doll and why there are Labubu heists, explained

Reporting by Charles Curtis, For The Win / For The Win

USA TODAY Network via Reuters Connect