This was a quite interesting poem, very many interpretations possible. I personally interpreteted it as someone being in a turmoil, not sure where to go and what do it (spin around), and then falling off a cliff after making the wrong choice. Turn of the light could refer to giving up and finally goodbye would mean dying, or something similar.

*or* since it's written in imperative form "turn of the light" etc. It could mean someone controlling someone else's life. As in, "you spin around when I tell you to spin around", and "you fall of the cliff when I tell you to", etc. Which immediatly makes it much darker.
Either way, I liked it a lot, really interesting.

If you aim for the first of my interpretations I would suggest writing it in progressive form (as in tripping of.. spinning around... etc). But this way it's more ambiguous.

I'd also put the two "Teddy bear, teddy bear"s on the same line, and with a comma inbetween. Will make it easier to read.

Great stuff, keep it up!