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Preston Rabbit appeared on Sesame Street from Season 21 to Season 23. Preston was a rabbit with an inscrutable habit of bestowing presents to almost everyone.
Preston's presents are often unhelpful -- unnecessary, ridiculous or inconvenient. However, he always gives out of the goodness of his heart, so it's hard for other people to get angry with him.
Preston's debut, Episode 2616, is a spoof of The Music Man. His clothes and his persistence in giving gifts (rather than selling things and conning people) spoof the musical's title character, Henry Hill. His name is a take on Robert Preston, the actor who starred in the film version.
The puppet would later be re-used on Sesamstrasse in various roles, mainly as a salesman, such as Reiner Sauberhasi, Knut Köffelström, Hasi Himmelglück and Henry.