I came upon this post on John K's blog. The designs are very rough, sketchy and full of energy...wonderful stuff, everyone should follow his blog.
Anyway, I just had to try and model him...I presume it's a he :)
The sketches were more an inspiration than anything else. The hands give him a feeling of a fighter, someone not to be messed with. After all, he seems like he has been picked on and teased by all the other cartoon characters for years.
The balls of fuzz are just there as placeholders for now.