Hack/Slash: Land of Lost Toys

Cassie and Vlad battle an undead child, Ashley Guthrie, with the ability to kill people in their dreams. They find out his mother killed him (because he was a horrible child), but he was reborn in the dream plane (ala Freddy Krueger) and uses toys to murder his victims. Cassie kills Ashley, but his spirit possesses the teddy bear his mother smothered him with.