Imagine an "ugliest shirt" trophy, given out to whoever wheres the ugliest shirt of the week. At a fashion magazine, this may be toxic shaming. At a tech-heavy startup it might have people start buying the worst shirts they can to try to win it.

If the attitude associated with getting the trophy is condemnation, that's bad. If it's a reminder that everyone fucks and be careful, that's fine.

The only consequence is a plush toy of shame on your desk until the next person fails? Yes, please.

Sounds like a great way to lighten the mood about failure.

You say to somebody downthread "remind me never to work with you". I would find it difficult to work with someone as hyper sensitive -- on other people's behalf, yet! -- as you seem to be in this thread.