This is a customized My Little Pony toy named Dexter - from the Showtime series of the same name. He was made from a white bodied G3 My Little Pony toy. The mane and tail were removed and a new mane was sculpted on and the tail rerooted in shades of brown. Dexter is dressed in his favorite kill outfit, which is completely hand sculpted, painted with acrylics and sealed.
I'm a sucker for accessories so he has lots of tools he needs for his kill room, including: roll of plastic sheeting, knife, scalpel, slides with sandwiched blood drop (no real blood went into the making of this custom), photos of a the infamous killer Tea Leaf's victims (printed on high quality photo paper) and of course Tea Leaf herself...all packaged up in 3 black plastic bags and ready to be dumped in the ocean.
EDIT TO ADD that he's NOW ON EBAY, auction ends Oct. 10, 2011: [link]