I've been trying to work out what kind of a song it could be.
It might be some kind of moralising one, maybe a temperance sonmg. Daday went out drinking, and got lost in the woods, and the bears got him. One of the less well publicised perils of drink.
Or maybe he met some other more disgraceful fate, like being put in jail, and they've been protecting teh poor child by telling her teh bears got him.
Or maybe he's a truck-driver and got pulled in by the Smokeys - though that sounds a bit modern.
Or maybe the bears got him in a game of poker, and skinnned him alive. Metaphorically.Or literally.
But somewhere out there there really is (or at least there was) a song with that actual title.