Another Mattel creation, the Thing Maker. With a bottle or two of PlastiGoop, one can cook up several varieties of Creepy Crawler rubber insects.
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The latest Thing Maker creation is called Incredible Edibles. Bottles of GoobleDeGoop are used to bake edible rubbery insects. These things are advertised in the McCrory's sale paper as being "frightfully delicious". Actually, the taste of them is more like plain frightful!