UPDATED (12/1)
The elusive Zhu Zhu Pets faux hamsters continue to tease those who covet them. They show up at a handful of major retailers and disappear as quickly as they showed up. Most Zhu Zhu hunters didn't even know they were there.

Such is the life of the hot toy of the year -- following the likes of Furby and Tickle Me Elmo in the annals of toys whose scarcity was part of their allure.

Zhu Zhu Pet mania is bordering on the absurd -- creating a secondary market where the tantalizingly inexpensive toys ($8 at Walmart) become, well, expensive toys (about $60 for one on Amazon.com).Getting the little critters has parents, grandparents,. aunts and uncles (and profiteering eBay sellers) on a single-minded mission: to catch one or more Zhu Zhu Pets. I walked into a Toys R Us a few weeks ago and picked up the yellow one called "Pipsqueak" from a pile sitting at the customer service desk. People just walked right by them, not realizing that they were ignoring a major find.

After getting an email alert of their arrival on Saturday night, I waited outside starting at 3:45 a.m. Sunday to get "Mr. Squiggles," the brown one, along with an also hard-to-get accessory. And, then, today (12/1) all the waiting from Sunday paid off after a manager tipped off the early birds when the next shipment of the all important Fun House was coming. I walked in the front door during regular hours and picked one from a stack of a couple dozen. Joy.

And, finally, even though it's overkill, I got an email alert from a robot searcher (zooLert.com) that more critters were available and again paid the normal retail price. The message here: Patience and a ridiculous commitment to ensuring your kid gets what they think Santa is manufacturing at the North Pole will probably deliver you some Zhu Zhu joy. And, also, I need to let go of my obsession of beating the challenge to get this toy rodent set and all its accoutrements.

Sadly, the profiteers are playing Grinch this holiday season. Stories abound of men scooping up the entire inventories of Zhu Zhu stuff at Target and Walmart stores -- making those waiting to get them for children quite angry. And, alas, the profiteers toss a lot of salt in the wounds by getting these now-desperate Zhu Zhu hunters to pay over-the-top prices. For shame Grinch-like men.

You won't see too many of these people (who I hope get stuck with lots and lots of these things when supplies increase) at Toys R Us, where they have instituted a rationing plan of one of each item per customer.