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I designed a 100% 86 MOVIE ACCURATE MEGATRON that solves the gun problem.
Chest and back open down so you can rotate the head inside the body as another one comes up (think of the original Waspinator toy), but the chest panel also rotates 180 degrees with a mushroom peg hidden inside that is connected to the top of the hinge that is used to open it, before closing it again.
Yes, you go from Megatron at the beginning of the movie to Megatron all banged and fucked up. I'm fucking a genious.
But in all seriousness, I actually would prefer some stupid shit like this than an alt mode that makes no sense for the character. At the very least it makes for a good novelty item and he can look like the best action figure of G1 Megatron ever.