I googled and found this tutorial. Unfortunately no pictures.
You might go to Youtube and do a search for aine2. She has some wonderful tutorials on how to make gumpaste animals.
Just looking at the pic here is how I would do it, keep in mind these are just the basic steps, it will take some pushing and poking here and there to get the exact look.
Body- roll ball of mmf into a egg shape, set aside to harden while working on other parts.
Head- roll large blue ball and smaller white one. Flatten one side of the white ball and the edges so it looks like a gum drop, pinch and shape one side to a point for the top of the nose area, attach to the blue ball and smooth the edges to look like one piece.
At this point the head will be basically finished and it should be able to sit level on a table, the angle at which you attach it to the body will give you the downward look.
Ears- Roll a piece of fondant and cut out 2 circles, pinch one end of the circle together and let dry for the ears.
Legs and Arms- roll 4 ropes of fondant, cut to right length (2 long and 2 short), flatten the foot end and add a white circle, attach to body with tylose, flatten the top part of the arms and legs that meet the body slightly. I would do the arms and legs while they are still soft so I could position them how I wanted.
Once the body is somewhat dry insert a toothpick/skewer into the body and attach the head at the correct angle.
Mane- Roll and cut to piece of mmf and using a sharp knife (I use an Xacto) cut the hair, attch with tylose glue, you might need to put a few toothpicks behind the mane to support it until it hardens and the glue dries.
Crown- roll mmf and cut out crown and the wrap it around something that is the correct size (dowel, marker, etc.) glue it shut and slip it off and let it dry.
Paint on the stripes, eyes nose and mouth with food coloring mixed with vodka.
Once the ears and crown are dry attche them.
I use mmf mixed with tylose but you canuse gumpaste or a 50/50 mix of fondant and gumpaste.
The glue I use is water with tylose powder added, you can also use gumpaste dissolved in water.
CakeMommyTX's instructions are good. Try to follow those if you can't find a vidoe tutorial you may be able to pause, or watch a few times.
Please also see:
Step by step pictures of similar-type figures.