It looks like a sink plunger on his head. I can't do any better but I think the logo does not really suit the type of games Larian makes. Does that sound silly? I can't really explain what I mean but the logo just looks um, in your face? What about something dragon-y?

By fire and by blood I join with thee in the Order of the Flame!

Arokh's Lair - Drakan & Severance: Blade of Darkness forums - https://www.arokhslair.net