Woot.com has Melissa & Doug Large 3.5' Plush Pegasus on sale for $24.76. Shipping is free w/ Amazon Prime, otherwise it's a flat-rate $6 shipping for your entire order.
Thanks to Deal Hunter StrongWeather642 for finding this deal.
Editor's Notes & Price Research
Our research indicates that this price for Melissa & Doug Large 3.5' Plush Pegasus is $35.24 lower (58.7% savings) than the next best available price from a reputable merchant with prices starting from $60 at the time of this research. -brisar