So, if I remember right, this isn't the son of Loki or anything like that. This is Loki himself. Coming from that period where someone realized that Loki was a shapeshifter in Norse Mythology. Fine idea, I guess. Don't really have an opinion on it otherwise.

Cut the left hand off and replaced it with one from Iron Fist or Karnak. One off that body type. Have a few of those that are broken, and they're great for gluing on in these cases. Head was from Silver Surfer. Added some sculpt to the side of the face to bulk it up a little, then sculpted the full hood and headpiece. Sculpted the leg bands, lower armbands, sleeves, skirt piece, belt, smoothed over the chest, and added the emblem. Sculpted on the the hood, gave him a full repaint, and all done!