I wonder all the time, why Willow has this Teddy or if he has a special meaning. Could it be a reference to Tibbers, the bear of Annie Hastur from League of Legends? Here my points:
- Both are related to fire
- Both have teddys
- Since it's hinted the wolrd of Dont Starve is connected to the Lovecraftians and since Annies surname is Hastur, they both have a connection to Lovecraft
I had more, but I forgot them.
Sorry for bad english, I'm german.