I bet there is a wacky misunderstanding behind this.
Some hitman was smuggling his gun inside a teddy bear but after bumbing into the guy buying a donated gift they picked up the wrong teddies.
I bet he went into a meeting with some mob boss and shouted something like "say hello to my little friend" while sticking his hand inside the bears ass and pointing it at the boss, only then realizing that he got the wrong bear.
I am sure they all got a laugh out of it.