I havent gotten to the point where we have haad to get rid of toys as we dont a lot a this point in time. However, the hubs left out one our toys and I didnt know and our dogs got to it and completely obliterated through the toy. the only thing that survived as the bullet. so that toy definitley went into the trash.
Personaly I dont think I could ever give it away, to me, it just might be a little awkward, so we would probably just throw it away if it ever got to that point.