A mutated creature. Maybe it was the result of some mad scientist's experiment gone wrong. It's hiding under the bed because it's afraid of the light. It has sharp teeth and claws and is just waiting for someone to get close enough so it can attack and feed on them.
The scariest thing could be seeing a pair of red, menacing eyes glaring back at you. It gives an immediate sense of danger and the unknown. Just the sight of those eyes in the darkness under the bed can send shivers down your spine.
It might be that the dog bed is a portal to some other dark dimension. Imagine a dog lying on it and then suddenly being dragged into a world full of terrors, with the dog bed being the gateway. Also, it could be that the dog bed itself comes alive and attacks the dog or anyone nearby. It could grow teeth and claws and start chasing people around the house.
The scariest scenario could be when you look under the bed and the dog's eyes are not its normal ones. Instead, they are black holes that seem to suck in all the light around them. And every time you try to move away from the bed, the dog makes a strange sound that paralyzes you with fear, like a high - pitched screech that is not at all like a normal dog bark. It starts to crawl out from under the bed slowly, and as it moves, it leaves a trail of some sort of dark slime.
The scariest thing could be the loss of control. As the '69 countdown' proceeds, things start to go wrong. You can't stop it. You might be trapped in a room where the temperature is dropping rapidly, and strange symbols are appearing on the walls. And when it hits zero, you don't know what horror awaits, whether it's being dragged into a dark void or something even worse.
The unknown. You don't know what's on the other side. It could be a monster, a ghost, or a deranged person. Just that small circle of the peephole holds so much mystery and potential danger.
The scariest thing could be a mutated fish with huge teeth and glowing red eyes that attacks the other fish and even tries to break out of the aquarium to reach the humans.
For me, it would be haunted mannequins. They are supposed to be lifeless but if they start to move or change expressions, it's really terrifying.
The unknown that lies at the top or bottom of the stairs. It could be a dark, hidden entity waiting to pounce on the unsuspecting victim.
The unknown on the other side. You can't really see clearly what's out there, especially at night. It could be a monster, a ghost, or something even more terrifying just lurking and waiting to get in. Just the idea that there might be something looking in at you while you can't fully make it out is really scary.
A ghost. Just the idea of an otherworldly apparition lurking behind the door, waiting to make itself known, is terrifying.