Pepsiman was created in the early 90's as an official mascot for Pepsi in . Since then Pepsiman has appeared in a dozen commercials in which he comes to the aid of heavily parched people by offering them a Pepsi in their desire to be quenched from thirst. After servicing the thirsty citizens Pepsiman would always endure some sort of pain which signaled the end of the commercial. The series of events that occur in the commercials also found their way into the Pepsiman game.

Pepsiman is one of a handful of mascot's to make their way into the video game universe. Other mascot's featured in video games include
Chester Cheetah (Cheetos) and Spot (7up).

In Japan, the Saturn version of Fighting Vipers had an additional unlockable character, Pepsiman, the Japanese mascot of Pepsi. He was removed from the US and PAL releases, probably due to Legal stuff.