Waka Flocka Flame Check Out My $100,000 Muppet

3/1/2011 5:15 AM PST
Waka Flocka Flame wasn't nominated for an Oscar -- but the rapper was still rollin' around L.A. with a giant gold statue around his neck ... a $100,000 replica of Fozzie Bear from The Muppets.

FYI -- Mr. Flame says he got his nickname from Fozzie's catch phrase ... "wocka wocka wocka."