In the past month, I've made two of these little toys (and now I kind of want one for myself, so we'll see if a third is on the horizon). I saw a picture in Last Minute Patchwork and Quilted Gifts while browsing in the bookstore. (As a total aside, it's really nice working in a building with a Border's downstairs). Then I saw pictures of some other versions on Craftster and Etsy.
First I made and stuffed a bunch of pieces. I called them "wedgies," which I think might have weirded my husband's family out when I asked them to help me.
Sewed up the stuffing holes, and used some embroidery floss to make three rings of wedgies. Assemble, et voila...
Unfortunately, I am not on top of things enough to have a picture of one ball all the way through, so you'll have to take the color-changing as a bit of magic. The red fabric is a batik also used for some matching burp cloths, and the orange paisley is a fat quarter I purchased at the quilt show with my family.