Pretty much just the teddy bear buckler, but in the lovely color scheme.
In general it would be a fun little reskin and re-implementation of an older promo item. Plus having a "warm" color scheme of the teddy bear means it'll match warmer color schemes while the current one fits the cooler color schemes.
Lovely is a bit softer of a theme. Verdant is more vibrant with its mixing of pale greens and reds. Honestly I think lovely would fill more costume niches as the warm side of the color wheel (reds to yellow-greens) would look better with it, while the cool side (greens to purples) looks better with the slumber theme. Verdant would be like a mix of the two, but in doing so would really only match a few color schemes (purples, reds and greens).
So having one warm and the already cool colorscheme'd teddy bear would be a good start, and after that we can start throwing more colorschemes around. I just think lovely would fit more things than, say, toasty or regal, while the pink/white colorscheme also looks more likek what a cute traditional teddy bear would be.
Maybe we could get a brown teddy bear too. Brown and tan, for a very traditional color'd teddy.
Yea sure why not.
I just want my swiftstrike prize box idea to happen- http://forums.spiralknights.com/en/node/108457
It's just the right sort of item for that.
Maybe in the Verdant coloration as well?