Look at it! Look at it! LOOK AT IT!

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Intellivision DK boxart.

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Intellivision DK sprite.

Also, as opposed to "Based on the fake arcade game?"
 
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I think he's wearing a jetpack, but not good at flying the thing because some of his teeth are missing, probably from crashing into all those walls*

*(that kids threw him at because they don't want to see Mario with that kind of mouth again)
 
Mario wants a swanky car to compete with Bowser's swanky car, but in the end, it's probably going to end up crashing as that steering wheel is clearly broken.

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But he hides his shoulders with impressive-looking boost panels, so give him a little credit.