Consider the fundamental square $[0, 1]^2$ of the torus, with opposite edges identified preserving order. Chuck a point out of the interior of the square. Note that everything deformation retracts onto the boundary. Now do the identifications to verify what you get is really $S^1 \vee S^1$.
– Balarka SenFeb 21 '15 at 10:59
http://math.stackexchange.com/questions/661219/homotopy-equivalence-from-torus-minus-a-point-to-a-figure-eight
– DarioFeb 21 '15 at 11:22