In our house school and play merge. We sometimes choose (consciously) to do school but we usually do it with our stuffed friends. Story time can be in a cozy circle of stuffed animals and dolls on the floor.
The stuffed animals come in handy when practicing real life situations. One good example of this is when they played hospital. They lined their stuffed friends up all the way down the hall as Dr. Zoe checked each one and Nurse Austyn kept things going smoothly.
Doing math and art in our class room (living room, in this case) involves the attention of the whole class, not just two children. It's common to have stuffed animal hands held up in the middle of work for a funny question.