Inspired by Simcha, plush animals, the urge to just laugh at the whole thing, and a rainy day... I felt the need to sing and act for you, putting my own interpretation on this "art":
Yes, that's a blue marker. A "washable" one...
And then to get just slightly serious: why yes, this is all fuss about a drawing. But it alarmed me personally because I was once "the girl with the smaller bear."
I was raised--with the best of intentions--to believe that sacrifice was good simply because it was hard. I'll get into all that more later I'm sure, but generally I was taught that "God's will" was often discovered by seeking what was most difficult, something that would hurt to do but that "God would reward" me for.
This impression can send a person down a lot of wrong paths. Instead of listening to what God has put in one's heart to love--the interior inclinations He uses to direct us to His will--a person raised with, well, this drawing's "philosophy" does the exact opposite. "If I love x, it would be 'the better/holier/right thing' to give x up." One is definitely left with the overall impression that if something is difficult, it is "good/holy/meritorious"; if something's easy, welllll you're doing something wrong. And having grown through these notions... I don't think God intended us to quite have such perspectives.
Children need to be taught, first, that God loves them. That tremendous truth alone takes a lifetime to learn. Not only that: He wants us to be happy. Sometimes it is by trusting Him blindly and surrendering to a Divine Will we don't understand. But more often than not, it's probably by loving Him from where we are and keeping the darn teddy bear He knows we love, because--after all--He created us.
And yes, from now on, I should totally--somehow--work a teddy bear into any theology I touch on. This is a must. You're welcome.