Labubu is the mischievous, sharp-toothed fairy character created by artist Kasing Lung as part of 'The Monsters' series produced by Pop Mart. While popular in the designer toy scene for years, Labubu skyrocketed to mainstream meme status in 2024 after global icons like BLACKPINK's Lisa were spotted with the plush, leading to a massive shortage and worldwide 'Labubu fever.' The memes typically revolve around the addictive nature of blind box unboxing, the high resale market prices, and the character's signature chaotic yet adorable expression. It has become a central symbol for modern collector culture, capturing the relatable struggle of spending way too much money on cute collectibles that bring immense joy.