Yep, just looked and mine has the same thing. I'm willing to bet it's supposed to be the back part of the codpiece armor. They probably just painted it a little low below the belt, is all.
Ya know, I never really gave much thought before as to how his codpiece was attached. But that's a very akward and strange place for that part to be. Gotta be uncomfortable for Boba.
Hallmark is hit or miss with their ornaments. Sometimes you get amazing design and paint applications and sometimes you get a green stripe on Boba Fett's back side.
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