This is the fakie version of the Cabbage Patch Kids (CPK) Crimp n’ Curl Ponies (design was used in smaller form on Magic Meadow Ponies). I have found them with or without rooted eyelashes. The saddle is a permanent part of the body. Check for variants on saddle paint; hearts may be painted or unpainted.
Note that DOLGENCORP also copied the jumbo CPK mold, but it is slightly smaller than the Gi-Go (about 9.5″).
Hoof markings:
The ponies!
These two are nearly the same, but one has the hearts on the back of the saddle painted and one does not:
This is a flocked version (used to be in my collection but has since been re-homed):
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