349V: Spun around and upside down

I am trying desperately to find a beloved book from my childhood.  I do not remember the name, but I do remember a few details.

It had to be spun around and upside down as it was read; the characters were on some sort of adventure.
The characters to best of my memory were pink or purple blobbish type things…
It was a hardback book
I was born in 1967, so this could have been a 60s or an early 70s book.
I have looked and looked for the book to no avail.

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