What The Hell Am I? - Special Reg Edition

A firestorm is whipping across the Canuck blogsphere today over the picture above and I am genuinely curious to know what our readers think the picture is of. I have to work overtime tonight (my tithes are due to Fenris) and will provide linky links to the picture and related posts after I get home (around 11pm EST). For readers who are aware of the issue I ask that you refrain from comments till later tonight, for other readers tell me in the comments: What The Hell Am I?