Ubisoft's Dan Hay has revealed a pitch for a potential new game called Yarn, centred around a lost teddy bear in space.

During a BAFTA developer lecture (spotted and transcribed by Eurogamer), the Far Cry director explained the game's concept, how he came to it, and revealed that "this is literally the first time I've told anybody" about it.

The game has three key story elements - Hay's childhood teddy bear, a Greek myth, and a space setting. As he puts it: "I want to retell the story of Prometheus, giving that key moment of thought but I want to replace fire with a teddy bear and I want to put it in space because it's f**king awesome."

Yarn would centre around a small girl who loses her teddy bear during an emergency on an alien planet. The bear tumbles into a cave near the core of the planet, where it's found by a Razagaboo - a web-spinning creature that, inspired by the bear's yarn, attempts to build a web to the planet's surface to return the bear.

In terms of gameplay, Hay appears to be describing a puzzle-adventure that involves not only moving the Razagaboo but the bear itself, through cave systems to the surface. He adds that there would be 'collapses, cave-ins, obstacles and monsters'.

The talk was accompanied by illustrations from Child of Light art director, Serge Meirinho - Yarn appears to be of a similar scope to Meirinho's game. Ubisoft's historically allowed its designers to work on smaller passion projects like Child of Light, Valiant Hearts, and most recently Atomega.

Hay makes clear that this is by no means a greenlit project, but could be a good enough idea to be pushed ahead with by Ubisoft:

"We kind of were doing this off to the side", he explains. "I'm going to go back and think about that, and I think if people like what they're hearing, I'll have a new problem. [...] I'm gonna walk back into the office and [everybody will ask] 'What the hell is Yarn?'."

Hay's full talk - discussing creativity in development - is extremely interesting and well worth a watch. If you want to hear the full pitch - and there's a lot more of it - that begins at 56:27

Joe Skrebels is IGN's UK News Editor, and he would 100% play Yarn. Follow him on Twitter.