plush horse
/ˌplʌʃ ˈhɔːs/US
noun
A toy horse made from plush. Also: the type of something ostentatious, luxurious, etc.; frequently in dressed (up) like (Mrs) Astor's plush horse and variants.
adjective
Ostentatiously luxurious or extravagant.
Origin
Late 19th century; earliest use found in The Boston Globe. From plush + horse.