Is this what I think it is?

Did someone really double knit this sweater???? 

Here's a closer look at Pooh bear... 

This is the inside of the sweater

A closer look at the inside by Pooh's bottom half.

Anyone have any idea what the blue yarn is?  It needs one small repair.  Not that I have anyone who can fit in it, but I can't imagine letting this much work go to waste.  If anyone wants it and will repair it, I'll ship it.