So, Mark Wahlberg plays the guy who has a teddy bear for a friend. All's well until he grows up to have a girlfriend (Mila Kunis), but then things start going wrong. Ted is a womanizing junkie and prevents the guy from growing up. This causes problems for his girlfriend who wants to take the relationship to the next level. And then the film falls into predictable territory, just that the junkie friend is a magical teddy!
Now, as far as performances go, all actors have done a competent job. Seth as ted is awesome too! But the story is just about OK, the laughs juvenile (at best) and the nothing falls in the exceptional area. It's not even a super fun movie, it just borders fun. I would watch it on my computer, if I had nothing else to do for timepass. Problem is, it tries a little too hard to be both an adult comedy and a romantic comedy and fails in both terms.
So, I think you should not go to watch this film with too many hopes. Infact a good print is out, so watch it on DVD :) For me it was a little too hard to bear!