Dozen Woolly Bugger

What a hairy orange caterpillars all this mean for the winter?
I saw dozens of these little bugs around my house in Virginia, and each one of them are orange solid. I have not seen one with a "band" at all. presumably this means that we will have a mild winter? I know it's folklore but wondering.
My father says that the orange over the dead of winter. Parkas, etc. There might not be a bear of wool at all. Like the bear wool!
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