Gotta give mad props to Rob's Board regular, TK-069, for cooking up this wholly unorthodox slugfest! May the best man win!
The Contenders 
Thor
(Bio taken from Marvel Comics)
Real Name: Thor
Occupation: Ruler of Asgard
Group Affiliation: Avengers
Base of Operations: Asgard
Height: 6'6"
Weight:640 lbs.
Eyes: Blue
Hair: Blonde
Powers: As the son of Odin, Thor's strength, endurance and resistance to injury are greater than the vast majority of his superhuman race.
Weapons: The enchanted hammer Mjolnir, made of mystic Uru metal, is nearly indestructible. The mallet derives the remainder of its powers from Odin's six enchantments: No living being, unless worthy, may lift it; it always returns to the exact spot from which it was thrown; it channels Thor's ability to control the elements of storm and project mystical energy; it allows its wielder to open transdimensional portals; it enables Thor to transform himself into human form; and it grants its user the power of flight.
Origin: Banished to Norway by his father, Odin, Thor, under the guise of Dr. Donald Blake and with no knowledge of his godhood, struck a walking staff with anger and found this it was truly Mjolnir and that he was truly Thor. Eventually, he took up arms with the Earth's mightiest heroes - the Avengers! He has currently taken his father's place as the ruler of Asgard.
First Appearance: JOURNEY INTO MYSTERY #83 (1962)
Lobo(Bio taken from DC vs. Marvel #1
)
Real Name: Lobo
Occupation: Bounty hunter, assassin, scourge of th’ cosmos, thug
Group Affiliation: No one would have him!
Base of Operations: At large on his spazzfrag spacehawg or in some divey space bar
Height: 6'4"
Weight: 305 lbs.
Eyes: Blood red
Hair: Sepulchre black
Powers: Lobo's powers include vast superhuman strength, intergalactic tracking ability, an incredible healing factor, and a deal with heaven that makes him immortal.
Weapons: Gutting hook with chain, various sidearms
Origin: Having killed off his entire planet of Czarnia just so he could be the last one, Lobo has earned a reputation as the biggest badass in the cosmos. As a bounty hunter, he searches the cosmos trying to make a dishonest buck by fragging anyone... so long as the price is right.
First Appearance: OMEGA MEN #3 (1983)
The Scenario"Your hat sucks..." the Main Man grunted as he polished off the last of his beer and raised his arm for another. "What'd you say yer name was again?"
The man across the table from Lobo looked certainly uncomfortable. A man of nobility, after all, had no place in a "space dive" such as this.
"Loki," he said, steepling his fingers. "And I have a proposition for you, Mr. Lobo..."
"Can you tell it to me without that hat?" Lobo commented as a six-armed waitress placed another stein down before him. He leered at her as she walked away. "You look like a horny Annhilian tree toad..."
"Sorry, Mr. Lobo, but..." Loki began.
"Just Lobo, okay?" the bounty hunter grunted, gulping down another mouthful of his drink. "Now... what's this about a job?"
"My... half-brother is... well, I guess
you'd call him the "king"... of a little place called Asgard."
"Never heard of it..." Lobo said, leaning back in his chair to try ogle the six-armed waitress who was standing a few tables away.
"I assure you, sir, that is
does exist," Loki continued, looking unfavorably upon what the barkeep had assured him was mead, but what looked more like a watered-down cup of mud. "Now, my brother goes by the name of Thor. Your typical pretty boy - long blond hair, blue eyes. He's not fit to rule in the least. However, I can't very well make a claim to the throne all by myself. He's a bit too powerful for me to take on myself... what with Mjolnir and all..."
Loki looked up, hoping to have sparked an interest in the man across from him, but instead found him snoozing on the table. A quick slap on the head from Loki elicited a response from the slumbering giant.
"How much?"
Loki sighed and rolled his eyes. "Two billion for the removal of my brother from the throne of Asgard. Take it or leave it."
Lobo chugged the contents of his stein, wiping his mouth with his arm. "I want half up front..." he said.
"Done," Loki said, sliding a briefcase in his possession across the table.
"And, for the love of God, gimme directions to this fraggin' Asgard place!" Lobo sneered, standing up from his seat.
"Naturally," Loki said, rising also.
"And, seriously... you need to find a new hat..."
The ResultsYou know the drill...