It's actually the Crazy Horse Monument in South Dakota, but I've never seen a picture of Crazy Horse. I have, however, seen a picture of Karl Malden, and it sort of looks like him. Or maybe Dustin Hoffman.
There are more pictures on the making of the monument here, including a larger version of this picture. It's quite interesting how it was created, primarily with explosives. Why anyone would go to all that trouble to create a sculpture of -- George C. Scott? David Lee Roth? -- escapes me, though.
* Coincidence? I think not.
Via J-Walk Blog