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While Two-Bad was billed as a strategist, he was rarely played for anything but laughs. I think he has a lot of untapped potential, and if it were up to me, I would cast him in the role of a genius tactician, Skeletor's third-in-command (after Evil-Lyn).
Also posted on the He-Man.org fan-art forums. My post is here, the entire thread (including some of my previous sketches) is here.