Bear Hugs and Giggles via KB&P

Teddy Ruxpin, the talking teddy bear that became a must-have Christmas gift in the late 1980s, has sired an heir.

The Wabi Bear, due out in late 2003 and backed by a$5 million ad push, uses a toll-free phone number to let kids hear a message from their parents or pre-recorded content like lullabies.

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