Holly and Valerie both claim to be the righteous owner of a teddy bear found in the closet. Because they can't settle it out, they decide to give the bear to Josie, a young next door girl, but soon regret it.
Holly and Val fight for possession of their shared childhood teddy bear. When the beloved stuffed bear becomes a thorn in their relationship, the girls decide to give it to a little girl in the building. But when the bear is abused by its new owner, the sisters join forces to reclaim the abused bear.