1988: Happytails Ponies
SQUEEZER
Blue earth pony with pale pink mane and tail, yellow rabbits symbol, lavender ring around tail.
First thing that should be said about Squeezer is that her hair should always be as pink as the one in the picture above. I have seen several faded Squeezers and these are not a variation, simply sun-damaged.
The other thing I have to mention is that her hair is not cut - Happytails ponies often have shorter looking hair than other ponies, probably to try and prevent tangles with the mechanism.
As far as I can ascertain, Squeezer was only released in the UK via imported clearance lines from North America.