From Youtuber “What’s Inside?”:

We CUT OPEN a 1980’s version Teddy Ruxpin!! An updated Teddy is coming out in 2017 so we performed an operation on the creepy talking old version.

Does this not remind you of a character from five nights at freddy’s?

It was quite satisfying to take this thing apart, hopefully your nightmares are much less after we show you how it operates.

[Source: What’s Inside?]