
I was interviewed the other day for a Wall Street Journal story on the current Silly Bandz craze. The reporter and I discussed the difference between a “craze” and a “fad.” My online dictionary defines a craze as, “an enthusiasm for a particular activity or object that typically appears suddenly and achieves widespread but short-lived popularity.” The same dictionary defines a fad as, “an intense and widely shared enthusiasm for something, esp. one that is short-lived and without basis in the object's qualities.” Although the two definitions are somewhat interchangeable, the word fad brings baggage with it.
There’s more than a hint of negativity to a fad. Got swept up in a craze? There’s no way anyone could resist. Got swept up in a fad? “There’s a sucker born every minute,” as the showman PT Barnum used to say. BCP Imports, the makers of Silly Bandz have two main concerns. Keeping their current craze from becoming a fad and not over producing should the latter label stick and the spigot of Silly Bandz suddenly turn off and stay off.
A fad eventually disappears, while a craze drops dramatically in popularity but stays at a level of success that is sustainable over time. By this distinction, anything that sells like mad can be defined as a craze when you’re in the middle of it. It’s only after the dust settles that history is determined.
Pet Rock was a fad.
Cabbage Patch Kids was a craze.
Mood Rings: Fad
Rubik’s Cube: Craze
Pogs: Fad
Beanie Babies: Craze
Toy Nation does itself a disservice when it represents a craze as a fad. In the great craze/fad debate, no toy gets dragged through the mud more than the Hula Hoop. WHAM-O's hit toy from 1958 was one of the biggest selling toys in history, but because it was such a short-lived craze, it has been falsely categorized as the "biggest fad of all time." It even has its own idiom, “It went the way of the Hula Hoop,” as if to say that something disappeared. Will Newspapers go the way of the Hula Hoop? a recent headline asked. When I interviewed Rich Knerr, one of the founding members of WHAM-O for my WHAM-O Super Book, he told me that when WHAM-O was sold in 1982, they were selling a million and a half Hula Hoops a year. In other words, the craze of 1958 was still pretty darn big nearly 25 years later. A craze had become a classic. The Hula Hoop was no mere fad.
So as we stand in the middle of a literal storm of flying rubber, we can only watch and wait for toy history to be made. For BCP Imports it's the million (billion?) dollar question: Will Silly Bandz simply come back down to earth or fall off the face of it?
UPDATE: AOL Finance called to discuss Silly Bandz. Read the article HERE.

