Like a sock monkey, except it's a koala!!!
Get 2 socks. stuff both of them with ALOT of stuffing. Connect them together to make an "0" shape and then sew together so the do not come apart. Sew near the top to form the head and body, witch should be an "8" shape. Put a hairtye around the neck for colorfulness if you wish.
Use 1 sock per arm. You can cut them to make them shorter1 These do not need to be stuffed. Anyways, don't forget to sew them on...You can also add a hairtye on each for colorfulness!
Here's the hard part- Legs! I hope you left a hole in your "8", if not, cut one! Now, stick a sock through, and sew!!!
Add ears, and color on eyes and nose, and your done! I know I said specific colors, but that's only for a white one!!!!!