The third trailer for Toy Story 3 has just this moment popped up online, introducing a barrel of new laughs (and monkeys) as well as an all-new character: Lots-O' Huggin' Bear. Voiced by Ned Beatty, Lotso is the resident authority figure at Sunnyside Day Care and we couldn't possibly do a better job of describing him than the official release, which sums the character up thusly:
Lots-o'-Huggin Bear' is a jumbo, extra-soft teddy bear with a pink and white plush body and a velvety purple nose. This lovable bear stands fuzzy heads and shoulders above other teddy bears because he smells like sweet strawberries! With a smile that will light up your child's face and a belly just asking to be hugged, Lots-o'-Huggin' Bear is sure to become a bedtime necessity. Stain-resistant. Spot clean plush surface with a damp cloth.
So there you go. You can watch the trailer below or scroll down even further to see Lotso in all his pink, plushy glory.