"Lots-o'-Huggin' Bear gives you lots o' hugs, and lots o' love, and lots o' fun, no matter where you are." -Narrator, faux 1983 commercial for Lots-o'-Huggin' Bear, who was the main antagonist in Toy Story 3.
Okay, hang on. So my guess is that Pixar made up this bear character so they'd have a new toy for Toy Story 3, and presumably so they'd own the rights to it -- in order to make more from the real-world merchandise from selling Lotso dolls (no need to pay royalties for, e.g., the Slinky Dog or Mr.... READ ON