What does the pink teddy bear represent in Breaking Bad?

Pink Teddy Bear is an homage to the film Schindler's List, in which the color red is used to distinguish a little girl in a coat.

Television critic Myles McNutt has called it "a symbol of the damage [Walter] feels responsible for.

(source:Wikipedia)

So the Pink Teddy Bear is always kept for open interpretation similar to Girl in red in Schindler's List. But I agree with Myles McNutt that it could be a symbol of the damage Walter feels responsible of. That may be the reason he kept eye of the teddy bear.

The quote from the creator Vince Gilligan himself:

The teddy bear eyeball that Walt found in his swimming pool is symbolic. It's very, very symbolic. However, I'm not sure I can tell you with 100% certainty of what the symbolism is, what it represents...On the face of it, when we were coming up with that eye as an image, it probably, represented some form of the eye of the universe, the eye of god, the eye of morality, I suppose judging Walter White...And so symbolism like the eyeball, I'm not sure what it means to me completely but I'm always interested in hearing what it means to viewers of the show. I guess if you're going to hold my feet to the fire, what it means to me is the eye of God on Walt. If not necessarily judging him, nonetheless watching him, keeping tabs on him. And then the question: If that is what the symbolism stands for, then why does Walt keep that eye? Why does he keep it in his drawer versus discarding it?

Just another thought, which probably is nothing more than an interesting connection:

Foreshadowing perhaps?

Think about it, I think it's spelled out pretty plainly for us with Walter standing there with the pink sweater on. We're led through the chain reaction of cause and effects, poor decisions and their outcome. Walter's drive to achieve in an industry that he's completely unfit for (as was pointed out to him by a psycho drug distributor at one point) contributed to Jesse hitting the pipe hard, which led to his girlfriend falling off the wagon and getting on heroin again.

He was even there with the opportunity to save her life as she choked on her vomit, but relented. Her death then caused her father to drop the ball in his job as an air traffic controller, causing the collision of the planes, which brought Pinky the Bear to his pool, burnt and in pieces. This at the moment that he's contemplating how he destroyed his own family by the same decision to make bank as a meth producer and dealer; it's a metaphorical collision of disastrous proportions.

Don't forget the unseen victims, the users of his product, which has now spread across the whole South West, as demonstrated in this episode, it's comparable to a couple of airliners full of people colliding in midair, probably worse.

The painted mural over Jane's bedroom has the exact color and looking bear as the one that fell in Walt's pool. It's a direct reference to his part in Jane's death and those of the airplane passengers.

In re: The pink teddy bear falling from the collision of the two airplanes into Walt's pool: seemingly tangible evidence of the destruction of a small child aboard one of the planes and indication that Walt's choices and actions had increasingly destructive repercussions- far reaching ripples of destruction that he could not have foreseen, but ones that permanently effected even those most innocent. Finding the doll's eye, so constructed like that of a person, left behind in the filter. would have to eat at the soul of someone who could trace the collision to willful actions of his own. It would speak of the doll's dead appraisal of Walt's guilt- how even an inanimate object could clearly see and stand witness to the truth.

Pink Teddy Bear left so many things to think. So from all series some of them i found and observed. is like

Before anything I must say Vince Gilligan is Genius.

I always call the Teddy Bear Jane's because the plane crash happened because of it and Walt keeps it probably as a award as how much power he has over people

Kind of Karma.A reminder that what goes around, comes around.

After finishing all season that Pink Teddy bear & one eye is showing Karma games in latter series.

The Pink Teddy is a child's toy. so it represents innocence apart from that Its pink(perhaps it is pointing to Jesse pink man).Teddy fell from flight, so trying to show Jesse is fall from innocence.The eye becomes the Rogue Eye & its like walter holding those rogue things who don't have longer control of his rogue acts.

• Jesse got the kind of warning too

• Pind Teddy is fall from Flight 737 & walter needs 737 Dollar
• of course in this same thread answer https://movies.stackexchange.com/a/26386/9676 is also one of the point

• One more warning or threat to for walter & Jesse is (Gale shot)

In most of the episodes tried to highlight Pink Teddy bear related thing by color or anything which point to those things

I agree about the bear's significance explained above.

Further, to me, the eye has two meanings:

1. The all-seeing eye of God, which sees Walt, and even warns and protects him (e.g. when Mike calls Gus calls the Twins to cancel killing Walt). It also is watching his decisions to tally his later consequences and accountability.

2. Walt keeps it as a reminder of his connection to the airline crash... and maybe as penance?

So I'd say from reading those two things id say the teddy near represents Walt before he dips his toe in the business and afterwards is burnt in his pool and he holds onto the eye because he regrets the one decision that led to this accident which was originally supposed to symbolize the eye of god, watching him when he was making this decision, and he happened to be at the pool lighting matches and tossing them into his half empty half full pool while making this decision which is foretelling

Eye of god, the oracle, yes. More simply it represents and eye for an eye, and even more specifically a symbol for karma or cause and effect in the plot structure.

I've felt that it is not so much the overview of the damage as much as it symbolizes the damage itself. The reason he keeps it in the drawer is because he doesn't want to remember the damage. However, it is impossible to just drop that altogether

Pink bear is fallen innocence. In the painted image on the wall above Jane's bed, the same pink bear is hovering in the top right. This bear, and what it represents, has literally fallen into the hands of Walt.

I actually think the teddy bear was a small child from one of the planes Walter being indirectly responsible , It would of been way to horrible to see the Child, Walt saw the child and the implications of his guilt, by psychological disconnection he saw the "Red" teddy bear, I'M NOT A PSYCHOLOGIST SO I DON'T KNOW THE CORRECT TERM FOR THIS, But how many first responders have said "I thought it was a doll/ toy" Including my Fireman friend who told me a Horrific story he had experienced