The statue is a large, gray replica of Squilliam Fancyson holding a bag of trash. On the bottom is a golden-colored plaque. This was rewarded to Squilliam Fancyson after he cleaned Bikini Bottom in a week, therefore the Trash Bag and stick.
I can turn into a skyscraper!
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Squilliam's Statue doesn't feature Squilliam's monobrow. One possible reason is that he doesn't want his monobrow to be featured on the statue.