Fisher-Price has figured out a smart way for busy parents to keep an eye on their energetic toddler. It's called a Smart Cycle -- a stationary cycle that uses TV plug-and-play technology.

Once it's connected, kids hop on and start pedaling and steering their "on-screen vehicle." It comes with learning software that contains three play modes. In the Driving Mode, kids pedal through different environments. In the Learning Mode, they can use the joy stick to play games and learn letters, numbers, shapes and colors. In the Big Race, they can time themselves and race against other vehicles on the TV. Fisher-Price said parents can buy additional games like Dora's Friendship Adventure, Sponge Bob's Ocean Adventure and Barbie Fairytopia.

The Smart Cycle is expected to be in stores this July at a suggested retail price of $99.99.