A combination toy and packaging assembly which is suitable for mailing without additional packaging includes a toy, preferably a plush toy animal, having predetermined areas thereon for receiving mailing and return addresses, and for indicating proper placement of postage. The sender of the toy can write the name and address of the receiving person onto the toy. The toy can be further provided with additional areas to write messages, pockets for gift items, flaps for pictures, electronic voice chips for outputting voice or musical greetings, strings for hanging the toy as an ornament, pins for attaching the toy to clothing, etc. The plush toy animal is received within a transparent, flexible plastic casing which substantially conforms to the outer surface of the toy. The casing includes a resealable opening for inserting and removing the toy from the casing. When the toy is received within the casing, the mailing and return addresses are clearly visible through the casing so that the assembly can be properly handled by mail carriers. Postage is placed on the exterior of the casing over the predetermined area indicated on the body of the toy, after which, the toy assembly can be placed into the mail without additional packaging. Other embodiments include an assembly consisting of a card upon which the sender writes the mailing and return addresses, a miniature toy and a transparent flexible envelope.