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The Fascinating World of Refrigerator Magnets: History, Materials & Collecting A refrigerator magnet or fridge magnet is an ornament often whimsical, attached to a small magnet which is used to post items such as shopping list or reminders on a refrigerator door, or which simply serves as decoration. Refrigerator magnets come in a wide variety of shapes and sizes, and may have promotional messages placed on them. Refrigerator magnets are popular souvenir and collectible objects. Refrigera …