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A fancy way for old perverts to call little girls who look cute at the mall or on the playground.
My uncle calls the girl who works at the toy store 'babes in toyland' like she's some kind of toy.
He saw a kid eating ice cream and said, 'Look at that babe in toyland, she's melting like a popsicle.'
He called my little sister 'babe in toyland' because she was wearing a unicorn shirt.