Materials needed:

2.25mm needles (size 1 US, UK/Canada 13)
a pair of double pointed needles 2.25mm (size 1 US, UK/Canada 13)
oddments of 4ply yarn in red and white
oddments of bear coloured yarn (4ply or DK)
a small circle of felt to reinforce the stitching on the face
a short length of black yarn for embroidering the face
small amount of toy stuffing / carded wool
6 inch length of ribbon
a couple of lengths of strong yarn

(knitting this pattern in thicker weight yarn and larger needle sizes will give a larger decoration)

Pattern: