Wikipedia describes The Comedian from The Watchmen as a "cigar-chomping, gun-toting vigilante-turned-paramilitary agent" and "a nihilist with little regard for morality or human life."
"NiteOwl" provides this recipe for the figure: The head is ML Punisher, I sculpted moustache, fringe and grey area at the temples and back.
The base is good old Bullseye. The harness/straps are from Sinisters' cape thingy. The shoulder pad is sculpey, I put some sculpey on a spidey figures head to achieve the roundness. The other sleeve is from Bullseyes' neck/shoulder thingy. A wrestling figure provided the knee pads. The boot knife is from Stealth Wolvie. The smiley face is sculpey. All other bits and pieces are donated from Bullseye again including belt and pouches which I converted into holsters!
Follow the link to see more photos of The Comedian as well as several more figures by NiteOwl, including a terrific Super Skrull.