One Twitter user compared the statue to Games of Thrones villain the Night King.
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Others said it resembled different fictional characters.
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Another Twitter user joked the George Best statue should be replaced with the Mr Tumnus statue in CS Lewis Square, Belfast.
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Broadcaster Joel Taggart wrote: "Please tell me the George Best statue is better in the 'flesh' than it is in the photographs."
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A bust of Cristiano Ronaldo went viral after being widely ridiculed on social media and compared to the Head from Art Attack and Sloth from The Goonies.
The backlash prompted the sculptor to make another attempt, this time creating a much-improved version.
Image:The bust stole the show at the renaming ceremony, for the wrong reasons
Image:Michael Essien's statue in Ghana (left) and the star on the pitch (right)
Former Chelsea footballer Michael Essien also suffered a similar fate, after a statue of him installed in Ghana was described as "absolutely atrocious".
Some critics even described the creation as "horrible" and "cruel".