This was a concept that...man, who was it?! Wayde? Ron? Rosemary? PJ? Can't remember, but this is a relic from the Applause toy/gift days. "Pooh You Look Through".
Binoculars are secured in an oversized plush head that lets the child see "through the eyes of Pooh". Right! A huge idea that probably never made it past Baudelio's trash can.