Luffy is one of the most elastic characters, he could stretch from drop dead funny to extreme cool. And this figure, released by Bandai, demonstrates this unique quality of the straw hat captains. Besides the usual battle poses, you can recreate his gumi hook punch and jet pistols, just change his arm parts.
Besides Luffy, his brother Ace is also having his action figure made. Change his normal arm part to his flame punch to re-create some red hot battles.
You can order him here