For his first birthday my son recieved a hard board copy of The Very Hungry Caterpillar. I read that book to him every day for the next eighteen months. He loved it, and I love this book too. This is a really lovely presentation of the story, with a finger puppet caterpillar to follow through the holes. And Amazon has it reduced to £1.99, from £7.99.
I heartily recommend this for any toddler, or as a lovely present for a toddler. It's an excellent piece of storytelling. My son would sit riveted right up to the beautiful butterfly. It taught him the days of the week, and importantly how these days always followed in sequence, and it taught him colours. We used fingers to pretend to be the worm going through the holes, so I know he'd have loved the holes.
The most fun bit, for me anyway, is the bit where the caterpiller really pigs out, which we'd have to read at breakneck speed all in one breath. Made even more tricky by my husband's refusal to teach his son that a hot dog was a sausage so we had to say 'and a sausage that's really a hot dog', and the same with the pickle - 'and a pickle that's really a gherkin'.
Thanks kassy2005 at HUKD!