From Munktiki:

"This expertly designed piece resembles a hand-whittled wooden souvenir—perfect for your nautical-themed bar. Each mug comes complete with a tiny plastic pipe and two strung up fish. We’re still jazzed up about this awesome mug by Dexter.

One per person please. Mug is 11 inches tall and holds 26 oz, this offering is of an edition of only 25 mugs. More editions will be offered at a later date."

This version has a white beard and hair. Version 2 has blue beard and hair.