This is a mug shaped like a Gill Man or Creature From the Black Lagoon with claws folded across chest and showing an open mouth filled with sharp teeth. Blue glaze. Marked "Max's South Seas Hideaway" on lower front.
The green first edition (200 pieces) was followed by this blue glaze edition (100 pieces) and a burnt orange glaze edition (25 pieces). Both the blue and orange versions are an inch shorter but they are also slightly wider and still hold same amount.