It was once upon a time when it was once squeaky toy time. The squeaky toy (and many others since) are no more.
While it isn’t obvious in this particular video, the first thing that happens with squeaky toys is the death of the squeaker. Often immediately followed by the tearing apart of its fabric casing to get at the fondly remembered squeaking mechanism.
We have not gotten any further squeaking toys since realizing that they are inherently designed as a never-ending expense. Phoebe doesn’t seem to mind as toy ropes and wild sticks are just as much fun.