This is Rusty and "Bear". Bear is not really a dog toy, but Rusty fell in love the minute he saw him. Bear has glowing parts and lots of choking hazards, so all play with Bear must be observed by the Stuffie Police.
The real reason that Spike's eyes are glowing, is that after Santa finished filling the stockings, she started digging through the treasure trove of treats and found (oh feline joy!) a package of drugstore catnip mice and liberated one from the wrappings.
Miss Spike spent the rest of the night racing around the house, tearing from room-to-room, sending rugs flying and knocking down decorations. She finally settled down in the wee hours of the morning into a catnip induced stupor of pure kitty bliss.
"I don't wanna pose anymore!"