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Lite Brite's a definitive possibility. I know it's been around at least three generations, most people from those three generations can identify it by name, and most have played with it. Finally, I think most child development "experts" would find it educational.

I'd say the Rubik's Cube was really only a significant toy for one generation (actually, only a significant toy for about two or three years), and probably wouldn't meet the criteria for induction. I'd consider it more of a fad -- but unlike the Hula Hoop fad (Hula Hoops are in the THOF), Rubik's Cubes won't continue to sell a million or so a year for fifty years, like Hula Hoops.

When I was a kid I use to carry that damn Rubik Cube everywhere I went. I lost a one on vacation (when I had 5 sides done!!!) and ruined a couple at swim meets but I loved that toy. My first job out of college was as sales associate for a home building company and there were many days that where long and boring, well my girl friend at the time bought me a Rubik Cube (they are pretty much at every toy store but I don't go to toy stores) and I just about proposed to her. She said that I looked like a 4 year old on Christmas morning.

Five years later I have gone through 3 more Rubik Cubes (the colors get worn out) and I keep my current one at the office. Whenever I get stressed out of my mind at work I play with the cube for about 10 minutes and it mellows me out.

It should be in the THOF, what a damn good toy.