What the hell is a Squadt? According to toy-making cohorts Ferg, Threezero and Jamungo, Project Squadt is the story of an alien race exiled to Earth with an "inherent violent and deviant nature." Project Squadt recently announced a new, adorably homicidal Squadt, the Chipp Specimen 002. The six-inch tall figure comes dapperly dressed in a tailored suit (no pants and shoes though), a removable helmet and a loaded RPG. Only 200 were produced, and for $75 you can nab one on July 13th at noon CST. Previous Squadts -- ones with swords, gas masks and guns -- have all sold out, so you better mark your calendars for this one. See more images when you make the jump. [Via Toysrevil]