Something that is squidgy is soft and can be pressed or squeezed easily.
Squidgy things can make people think of comfort, playfulness, or being a little messy.
Examples:
The cake is squidgy and delicious.
I like to play with squidgy toys.
Her pillow is squidgy and nice to sleep on.
The mud is squidgy and fun to walk in.
The jelly is so squidgy, it wobbles like crazy!
I love how squidgy the marshmallows are in my hot chocolate.