This telephone charm reminded me of the “Princess” phone my father brought home in 1959 
. As he worked for AT&T, we were chosen to test this new item. The marketing slogan (“It’s little…It’s lovely…It lights”) described it to a T (well, maybe not the “lovely” part. But ours was powder blue, not pink). The dial did light up, but the phone was so little and light that attempting to turn the dial sent it spinning across whatever surface it was on! You could either: a) put down the handset, hold the base with one hand and dial with the other; or b) grasp the base between your knees! Fortunately, the next manufacturing run added a lead weight to the base.
-poppa