So I start by cutting 4 strips that will later become the legs
DO NOT sew up up the end!, leave a little gap to be able to turn the socktopus inside-out.
Note I like to leave some extra fabric at the bit where the feet will be, when you turn it inside out it will be extra padded and form little feet :)
I don't expect everybody to have a rouleau hoop. This tool helps you turn fabric tubes inside-out, the first few seconds using it get difficult and you wonder why you decided to use it, but after 3 seconds you remember why with its efficiency.
Now that your legs are out the right way round , its time to put the eyes in place.
I found a bag of about 5 pairs of eyes and teddy noses for about £1 in a junk shop. They will be more expensive but should be easily found in any craft shop.
Next is the toy stuffing, that is not exactly the same wadding you would use for cushions or quilting. Toy stuffing comes in cheaper, is washable and comes in specially for children use, do not underestimate the amount you will fit in your toy , but still comes very cheaply, this toy took about £1 worth of stuffing.