I have searched all over the net and simply cannot find a name for this toy I had.
It looks like this: 
O 
O
It was a hopping toy with an inflated ball on top of a plastic disc with another inflated ball underneath the disc.
You would stand on the disc and smush you feet tightly around the top ball and jump up balancing and hopping on the bottom ball.
             
            
               
               
               
            
            
           
          
            
            
              That’s sure what it sounds like to me.  Is it this? 
             
            
               
               
               
            
            
           
          
            
            
              Pogo Ball is what they call it, the greatest way to have a ball.
             
            
               
               
               
            
            
           
          
            
            
              Yeah, what toadspittle  said. Specifically this:
http://www.inthe80s.com/toys/pogoball.shtml 
Not so fun for fat kids, I tell ya. Aaaah…all the Pogo Balls I broke.
             
            
               
               
               
            
            
           
          
            
            
              Yep, it was a Pogo Ball.  I got one for my 10th birthday.
             
            
               
               
               
            
            
           
          
            
              
                Antigen  
                
               
              
                  
                    September 20, 2005,  6:36pm
                   
                   
              8 
               
             
            
              God I hated that thing. Always falling over, and I could never manage more than a few hops in a row. Now, the Skip-It… *that * was a toy.
             
            
               
               
               
            
            
           
          
            
            
              I did enjoy Skip-It also.  
             
            
               
               
               
            
            
           
          
            
            
              Hoppity-hops. Infinitely better. Transportation -and- a bludgeoning weapon against one’s siblings.
             
            
               
               
               
            
            
           
          
            
              
                Joey_P  
                
               
              
                  
                    September 20, 2005,  7:30pm
                   
                   
              11 
               
             
            
              My Skip-It got stuck in a tree   .  Actually I had a generic one, it had a nylon teather instead of the hard plastic, and I think it had a rubber ball at the end.  I found that you could throw it REALLY high in the air, and mine got stuck about 40 feet up in a tree.  This was probably 15 years ago and I bet it’s still up there.
             
            
               
               
               
            
            
           
          
            
            
              Sound of 6th grade Jngl singing  
Skiiip it, Skiiiip it, 
Hiiit it, stiiiick it…
But the very best thing of all… 
There’s a contra on the ball… 
Break it and throw at a wall… 
Use to make your sister fall…
throws at sister’s legs 
             
            
               
               
               
            
            
           
          
            
            
              We called it a “LULU” ball. We probably had a cheap knock-off.