Okay, I'm not a frostbite or whatnot, but here it goes:
At first look, the Toadshroomicus Reddotalis' head looks like a part of them, but look at the pixels, and you'll see that the is a microscopic line between the so-called "hat" and a near invisible shadow on their face, therefore, it's a hat. Then again, it might be a little off, but that's my guess!
Oh, BTW, why does toad have a parachute in SSBM? I always thought he was a guard for Peach. I mean, he is a Mushroom Retainer, but that's ridiculous!
An extremly rare and valuable Yoshi!
"Who want''s to buy a gold Yoshi? Selling Price, $999,999,999,999,999!"