Whimsy's are fun carvings. Traditional whittler's whimsey's include the classic ball in cage, as see below, but also other creative things. Most often I will take a piece of wood and just see what I can create. The best time to whittle these is around a campfire, so you can get into the "right" frame of mind.
Basswood with Butcher Block finish (non-toxic)
Golden Gopher (University of Minnesota)
Ball in Cage and Chain
Basswood with a matte lacquer finish.
Ball in cage
Basswood with thinned oil stain.