Wacky Wall Walkers: Found in almost every box of cereal so coated in sugar you could almost slip into a diabetic coma if you ate too much. Throw them on a wall (or pretty much any surface) and they would stick and slowly "walk" down. Unless they got dirty, then they would just stick for a few seconds and fall to the floor.
Jelly Bracelets: They came in all sorts of colors and were good for flinging at people. The more you had, the cooler you were.
Jelly Shoes: Sure they were kinda cool but they gave you massive blisters and made you feet sweat like crazy.
Garbage Pail Kids: A spoof of the Cabbage Patch Kids (see below) but instead of the sugar and spice, they were more snot and barf. Lovely.
Cabbage Patch Kids: My mom was actually the front end manager of a toy store when these dolls first came out. It was mass pandemonium. People got trampled! And yes, I had one. Her name was Ramona. I ended up with a Cabbage Patch Baby soon after but I ended up coloring it's head with marker that didn't wash off. She didn't get played with much. (This coming from the girl who used to cut all of her Barbie's hair off and then decapitate them.)
Hair Bands: The hole in the Ozone, it's from all of the Aqua-Net these guys used. True story.