The Ty Beanie Baby Magical Fantasy Dragons are a series of collectible plush toys released by Beanie Babies from 1995 to 2002. These toys feature various characters from the magical fantasy world, including dragons and pegasus. One of the popular characters is Scorch the dragon, known for its fiery appearance. These Beanie Babies are designed for children aged 3-4 years and are sought after by collectors due to their nostalgic value and limited availability.