慘變

惨 = 参 + 忄 : The King of Chu (c) decided to take part in a drinking contest in the anthill (an3). There he sits with his bib number (参) on his back making a miserable (惨) impression. To force himself to drink more he hits himself with a flail (忄).

变 = 亦 + 又 : In anthill's bathroom the also-ran is sparring with Brunhilde. In her mind she imagines changing into a boxing grizzly bear.

变 = 亦 + 又 : I think 变 does look like a grizzly bear with a beret. 又 is the snout, and the two eyes are the two strokes of 八.