A group of young adults spend the weekend at a friend's house by the lake. Joined by the local sheriff, the group encounters an escaped convict Native American chief, a copycat killer and the return of the terrifying masked stalker, Damon.
In order to cheer up recently divorced Chloe, her friend, Sam gives her a giant teddy bear, Bearry. As Chloe confides her wishes to Bearry, people close to her go missing or die. Is Chloe a murderer, is it her stalker? or is it Bearry?