Concept: 2 out of 5
Execution: 3 out of 5
Yeah, but: Is this thing really meant for dogs?
The Long Version: Like certain high-concept baby toys, this is a "dog toy" that seems like it's designed to appeal to tall people rather than the ones who will actually be using the product. Not that there's anything wrong with that - after all, neither dogs nor babies are known for their disposable income.
Back when I was a kid, we didn't have dog toys with fancy electronics; all they did was squeak. Dogs liked them back then, and a simple squeaker is still the best way to go. This plush toy, Karate Dog, has an electronic squawker that makes a bunch of different sounds, all of which are likely to freak out an actual dog. But that's really not who this one is for. The looks, the sounds - this thing is the funniest 'dog toy' I've ever seen. I even named my Mac's hard drive after it. Just look at this photo, and tell me that it doesn't look like I'm one arm's-length away from a solid whuppin':
The toy on its own is funny, but the sounds add a certain essence. It makes five vaguely martial-artsy sounds, and the sixth is a rapid-fire collection.
So it's not really a dog toy - but if they like it, it's a bonus.