Series: 2 (Fall 2002)

Articulation: ball-jointed neck, ball-jointed shoulders, swivel elbows, wrists, waist, hips, ankles

Accessories: bass guitar with amplifier attached, guitar strap, hat (magnetic), logo base

The Floyd Pepper Action Figure was released in the second series of The Muppet Show action figures produced by Palisades Toys as part of the show's 25th anniversary marketing campaign. It was the first figural toy of Floyd.

Like the Fozzie Action Figure, Floyd's hat was magnetic.

Two different versions of Floyd were sold: one with his regular red shirt and a red bass, and a repaint with a blue shirt and a white bass. There were twice as many standard version figures produced as there were repaint versions.