Released: 2005

Articulation: Neck, ball joint shoulders, biceps, elbows, wrists, waist, hips, knees

Accessories: Brown Muppet Chicken, gray Muppet Chicken, purple box of chocolates

This exclusive repainted version of the Gonzo Action Figure, in his modern outfit from Muppets Tonight, was produced by Palisades Toys as a part of a kit for new members of the Palisades Collectors Club. Members could choose between Modern Gonzo or the Glow in the Dark Koozebane Kermit Action Figure.

The gray chicken is a repainted version of Camilla. The brown chicken is a repainted version of Bernice, the chicken that was included with the Tuxedo Gonzo Action Figure.

A checkered suit Mega Gonzo Action Figure was prototyped, but never produced.