It has a lot of gray spikes scattered all over the statues body, with a mouth on the stomach with very sharp teeth, very thin arms, and eye stalks with fork-like shapes at the top.
Role in the episode
After Mr. Krabs finds out that competing restaurant, Sea Chicken Shack, has a giant statue for kids to play on, Mr. Krabs enlists the help of Squidward to make a sculpture of Mr. Krabs. This is the sculpture that Squidward made. Mr. Krabs does not like the sculpture as it is too pointy for children to play on.