The 8" tall Penguin action figure was produced using a 'fat' body style and dressed in a distinctive bodysuit designed like an old-fashioned tuxedo. In addition the figure wore a black waistcoat and shoes. There were no other accessories. Note that the top hat and monocle are molded directly onto the figure's head and are not separate pieces. The hands were white (to simulate kid gloves).
Not the most dignified of characters, Oswald Cobblepot, aka the Penguin, was nevertheless a classic Batman villain going back to the Golden Age, and provided endless fun on the Batman TV series and in the comics.
The Penguin was one of seven badguys created for the World's Greatest Super-Heroes line. The others are the Joker, the Riddler, Catwoman (also Batman enemies), Mr. Mxyzptlk (Superman), the Green Goblin, and the Lizard (Spider-Man).