It's the SML2 Octopus boss, who bears more than a slight resemblance to the Parodius hero Takosuke in this recolor! I colored him from memory (in his Super Mario Adventures palette), so don't be mad if he's not true to the official art.
My entry to sprite competition #90. A basic Mario tileset in the CGA pallette (16 colours). Includes all the other 4 colour CGA Pallettes also, along with a greyscale "GameBoy" one for the sake of it.
bannana luigi and kapworld gave me the idea of making these. thank them and the people on the credits list. includes original pose and edits. boots and special colours are also there as pallets. ENJOY!!!!