Baby Carrier - yup, this was it. Even took babies riding in the car in these BEFORE seat belts were standard equipment! And yet -- guess what? Those babies are now middle-aged and doing just fine! We called them "pumpkin seats".
My aunt got me the pink one and my brother the blue one for Easter one year. I think i was 3 or 4 at the time. I remember these has pretty sharp seams. It lasted for years and that's saying something because my bro and I were pretty rough on toys!