Is this a little inspired by Coraline? Probably.
I see this bear as a bear that a young woman had when she was young. She loved the bear so much that her mother fixed it up for whenever it had holes, and it helped teach the young woman how to sew. When she came into adulthood, she was the one who fixed up the bear.
I love this piece a lot. It's probably my favorite from 2017 so far.