The Mini Caterpillar is a playable unit in Metal Slug Attack. Parts are currently available during Independent-only Event Cranks.
It is essentially a winded down version of its gigantic counterpart, so it costs less AP and has weaker stats.
However, one of the most notable differences between the mini and giant caterpillar is the mini caterpillar's ability to react to knockback attacks. Any attack that causes it to be knocked back once 3 is unlocked results in the caterpillar responding back by throwing out maggots with stun capability. This means against units like the Subway, the caterpillar will be knocked back constantly and will produce many maggots to stun enemies.
When placed in a deck with its giant counterpart, they form the "March of Caterpillar" team, lowering their AP costs by 10%.
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