Dipsy comes in 4 forms in this game:
Dipsy's original dead variant is so accurate to the original game, it's almost like a direct import.
Lake Dipsy is quite similar to his original appearance, but not that much.
Chainsaw Dipsy is quite similar to his original appearance in the previous version, but this time, he actually swings his chainsaw.
This variant of Dipsy (bottom) is made out of 7 parts with Minecraft textures for the body and a variant of his face for his head.