The red Captain Falcon represents Henry Fleming, the main playable character of Code Name S.T.E.A.M. who wears a red armored outfit.
The stage and music track represents London, the first level of Code Name S.T.E.A.M. where Henry battles an invading alien force.
The Shooting Type items reference the blaster weapons used by the main characters in Code Name S.T.E.A.M.
Captain Falcon starting off with a Rage Blaster references the Eagle Rifle, Henry's signature blaster which resembles an eagle's head.
Other trivia:
This spirit's Attack type and Fire & Explosion Attack ↑ ability reference how Henry Fleming's Eagle Rifle can shoot out an explosive eagle.
