It is always an exciting afternoon when the FAO Schwarz holiday catalog arrives. While I may still be planning my Halloween activities, it is never too early to sit down and thumb through the book of extravagant toys for children of all ages. This year's edition was filled with massive stuffed animals and a $10,000 military ATV, but what really caught my eye was the new Muppet Whatnot Workshop that is due to open next week.

You know the extra Muppets you see when watching Sesame Street or old versions of The Muppet Show on YouTube? The ones that are in the background and rarely have any big lines? Those are Whatnots and now you and your lil one can work together to create a custom puppet of your own. To see how the process works, and how much this creation will cost, read more.

After choosing a body, eyes, nose and hair style, you can select the appropriate clothing and submit your design online. Approximately a month later, your personal Whatnot arrives in the mail. The kits ($130) will be sold exclusively through FAO Schwarz and include reusable stickers of each of the design options, as well as a gift card to cover the cost of the design, creation and shipping of your puppet.

While the price may sound a bit steep, the idea of having a Muppet of my own has me actually putting this on my holiday wish list.