Psycho Jim is a psychotic goon that escaped from the local insane asylum. He broke into Hulk Hogan's apartment and currently resides inside his closet.
An ex-mugger monster, Psycho Jim was arrested on the night of 12/23/96, when he was caught mugging an old lady. Since he is mentally deranged, he was innocent due to insanity and relocated to an asylum. Upon reading in a newspaper that all Mugger Monsters were found dead by none other than Hulk Hogan, he broke out of the asylum seeking to avenge his fallen muggers.
Psycho Jim VS Stone Cold- Jim's escape from the asylum made headlines, which Hulk Hogan read before disregarding the unsettling news and going to sleep. Stone Cold was still awake in time to hear Psycho Jim knocking on the door of the apartment. Upon entering the residence, Psycho Jim immediately attacked Stone Cold Steve Austin, resulting in a brutal brawl. Willie Nelson called the police, but Jim hid in a closet and Stone Cold was too tired to pursue him.
- The mask used for Psycho Jim is the same mask of mugger monster Funky Frank. This time, it is turned inside out.