How to make your own Ghetto Skaramine 3 3/4" action figure:
Get an Avengers Cosmic Spear Loki. Carefully remove the green cape, and pop the head off.
Get a Black-suit Spider-Man - from the Spider-Man, not Marvel Universe Line. Pop the head off. Use Spidey Body as home for Loki head.
Wrap a small strip of tape around Loki's headball - one circumference of thinly sliced duct tape will do.
Fit Black Spider-Man head on Loki neck. Trim tape until head moves, but stays on its own.
Trace Black Spider-Man's right eye with a red metallic marker, then at the top of the eye - create an upper curve for the S.
Borrow silver .45's from other GI Joe or Captain America figures. You may want to remove the lower left arm or hand with a hand that can grasp a pistol for two-gun action.
Look for some spare cape material and cut what looks like a folded hood and attach to the neck/shoulders for the hooded effect.