Debenhams compiled the list based on the store's takings for them each year.
Number one were Cabbage Patch Kids dolls, the soft toys with pudgy faces, which today sell for up to £30. Created by American art student Xavier Roberts in 1978, they dominated toy charts through the 1980s and remain popular.
In second place is the fiendishly difficult Rubik's Cube, a puzzle invented in 1974 by Hungarian professor of architecture Erno Rubik which became a craze in British school playgrounds.
Third place went to Monopoly, the board game which can trace its roots back to 1903 when it was invented by an American woman, Lizzie Philips. Her goal was to create an educational tool to explain tax theory and it was not until 1933 that it was launched by Parker Brothers as a family game.