In 1985, eight-year-old John Bennett wishes his teddy bear to life. They grow up together and Ted becomes world famous. Years later, in 1993, the wisecracking and foul-mouthed teddy bear is no longer in the spotlight. Ted now lives back home in Framingham, Massachusetts with his best friend, a now sixteen-year-old John, his parents Matty and Susan and niece Blaire. Maybe Ted is a bad influence on John, but ultimately he is a loyal friend who is always willing to stick his neck out for friendship.