Little Peanut is one of Jeff Dunham's recently made puppets. He is the smaller fingerpuppet version of Peanut with a higher pitched voice,

Peanut was shocked when he first saw little peanut, the dummy said "Hey look at me, im a little idiot!!!!*obnoxious laugh*" And then Peanut was mad.

Little Jeff said "What the fuck is THAT!!!!?"