Have you heard about giving a moose a muffin? Well, why not give a teddy bear and your friends a tea party?

[edit] Steps

Write invitations for your Teddy's tea party. Make sure they are tasteful and include the date, time, RSVP, and location of the tea party. Mention bringing a teddy of their choice and wearing appropriate tea-time clothing (for bears and humans).
Deliver your invitations through the mail or at school. Another option is call your friends and ask them if they would like to attend.
Gather the materials from the Things You'll Need section below. Buy enough food and drink for the humans, as the teddy bears wont really consume anything.
Set up early and lay out all the table settings and edibles on the day of the tea party. Place a box of tissues in the tea party room. Do not decorate your house as it is not a proper party, but do make sure it is clean and perhaps lay out a vase of fresh flowers.
Wait at the door to greet your guests and take coats.
Have the tea party. Afterwards, get everyone to introduce their teddy bears or have a light conversation.
Compliment your guests when it's time for them to leave, as they leave the house

[edit] Tips

These usually take place a few hours after noon and last an hour or two.
Tea parties can be delightful if you dress up; suggestions include floppy hats with flowers, pastel dresses, gloves, pocketbooks, and ballet flats. Draw inspiration from the clothing worn by women in old England.
Be organized- have everything prepared before your guests and their teddies arrive.
Be polite and courteous- this will encourage them to come again. Also make sure you show them where the toilet is.

Ask your guests if they have any food allergies before you buy anything.
If needed don't forget to get parental consent. Parents can often be quite helpful, and also and will probably fund and cook for your tea party.