Very funny!!! Did you use Deep Thought to come up with that answer? Hmmm... maybe you're running the game on Deep Thought?

There is a theory which states that if ever anyone discovers exactly what Virtual Families is for and why it is here, it will instantly disappear and be replaced by something even more bizarre and inexplicable. There is another theory which states that this has already happened.

Very likely!

Is there an equivalent theory for the seahorse in FT?

I'm with you! My son left a game running after I'd told him to pause it so they didn't starve. Needless to say, he forgot! Luckily no one was harmed in operation starvation drill
Kids, sheesh. (Hmm, I also have my own playstation memory card after an unfortunate incident involving a 98% finished Harry Potter game that suddenly disappeared, hehe.)
Good luck!

My Goals for the game:

1. Have Someone live to be over 70 in each of my families
2. Complete all collections
3. Have Someone master each of the Office, Workshop and Kitchen Careers
4. Find the Red Ball (Completed) Love the Ball!!
5. Have each family have a set of twins and a set of Triplets
6. Finish all house repairs again(evil earthquake)
7. Collect over 100 Socks and Clean up 100 spot.. Be gone spot!
8. Upgrade Office, Workshop and Kitchen to Level Three in each family.
9. Get every upgrade in Store. ie: Treadmill and Plasma TV
10. Have every trophy completed.

Right now, my goal is to get all the trophies. After that, I will have to make up some of my own.

Virtual Families might be here to entertain and the purpose is to entertain us

4. Find the Red Ball (Completed) Love the Ball!!

What is and where is the Red Ball?

It's an Easter egg (something hidden in a game that is tricky to find). There's a very active discussion about the red ball here.