Made by LJN toys (who made Thundercats), Blinkins were a strange range of garden grub / fairy type creatures. They had antennae and rode around on a giant pink ladybird or a small green catapillar. They had names like Blink, Flashy, Flicker, Sandy, and Sparky.
Blinkins glowed up in different rainbow colours when their bodies were squeezed - henche the name. Most Blinkins had very curly hair and these came with a butterfly comb or a pet. Blink came bundled with her pet caterpillar, Carrie, Flashy came with a swing accessory, Flicker with a 'Lazy Day Green Leaf Rocker' accessory, Shady tagged along with Buzz her pet bug and Sparkle came with a bug too. Finally, Baby Twinkle came with a 'Lazy Leaf Cradle' accessory.
There was a cartoon series as well, but I think it was more popular in Australia and possibly the USA than it was in the UK.
Photo Larah Wylde