Upon removing the Toy Taker's coat and hat, it is revealed he is none other than a teddy bear named Mr. Cuddles. He apologizes and tells them he used to belong to a boy named Steven, who outgrew him and threw him away.
After taking off the Toy Taker's coat and hat, it is shown that he is actually a teddy bear named Mr. Cuddles. He apologizes and explains that he once belonged to a boy named Steven, who outgrew him and discarded him.