It's a wooden morris dancer puppet (actually a jig doll) in full Anonymous Morris costume:
Here he is with Watervole, also in Anonymous kit:
The tatters are all individually sewn on (the four different shades of purple came from a single tie I found in a charity shop). He also has real working bells sewn onto his trousers below the knees, and a couple of feathers and a poppy badge in his hatband. His hair and beard were shorn from the mane of a toy lion and stuck on with contact adhesive. The shoes are painted with black gloss enamel; the rest of the paint is artist's acrylic.
This is what he looked like before the addition of paint, hair and clothes:
His head is limewood. The rest of him is carved from seasoned beech. His staff is made from green ash. The hinge joints are steel lubricated with beeswax.
Here's a little video of him dancing (sans music):
I'm very pleased with the way he turned out. The experience I gained from carving several Punch and Judy puppets and Bruno the dog stood me in good stead. The painting proved fun and easy, though I found the tailoring of the jacket and trousers quite tricky.