So, what do you get when you cross a gamma-radiation contaminated man with a mutagen-induced mutant turtle? You get this guy. Teenage Mutant Ninja Hulk (Well, maybe he's more middle-aged than teen-aged).
Green skin: Could be Hulk. Could be Turtle.
3-fingered hands: Looks like Ninja Turtles.
Elbow pads and wristbands: Looks like Turtle gear.
Two toes: Ninja turtle.
Knee pads: Turtle.
Angry green humanoid: Hulk and Turtle i guess.
Constipated, human facial expression: Hulk
Holes in shoulders?: Neither.
Blue jean cutoffs: Hulk.
Belt: Ninja Turtles
I'm not sure if that shed any light on the subject. All I know is this is a cheapy-as-hell Mexican toy. It's flimsy, hollow plastic, and it looks to be made up of random, poorly made molds of TMNT arms and legs with Hulk torso and head. The badly painted-on pants give the toy a nice touch of crappiness, and the holes in his shoulders give the guy a little bit more mystery. Maybe those were places where a cape or parachute connected.
So, the new Incredible Hulk movie is coming out this summer, and this comedic monstrosity is what the unfortunate Mexican children get to play with when they ask for a new Hulk toy.
"Cowabunga! Hulk smash!"