This is the work of Jacopo Rosati, who works in felt collage. It feels a lot like the old felt shape toys children play with, but at a much higher level. Anyone else long for some felt and scissors?
Rosati's definitely a fan of comics, as he has a bunch of art along those lines. In a way, it's a perfect match of medium and subject, because I know many a child who took their formless felt people and pretended they were superheroes. Take a look:
For that last one, Rosati made a video showing how he makes these:
You can see more of Rosati's work and buy prints at his site.