This was a pretty good picture. I admit that I have no idea what's really going on. You have the colors down pretty well. It is nice how you included these author comments. I guess you were trying to put a story to this. It still doesn't lead up to much.
Is this thing supposed to be like a jester? Are those things on its head ears? It is fairly creative. I would have liked more of a background. It's nice to have some mystery in your stuff.