It's more widely known as a simple toy character...and I am very clear about the differentiation. Just because some people use it as a racist term I for one would not be afraid to use the word in reference to the toy - "Gollywog" just isn't wholly a racist word
Thankfully too, it would appear the "Golly" is making a resurgence -
http://www.fabtintoys.com/Golliwog/UK/?gclid=CJHckdnC0JgCFYQ-3godHAPF1Q
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