From the whole conversation, I think the meaning here is "crazy" (though the handlebar moustache was a nice touch). ;)
You might describe a crazy person as a "fruitcake" - there's a clever simile we use: "as nutty as a fruitcake". "Nutty" can also mean crazy, as well as the literal meaning of "nut flavour" or "lots of nuts". I wonder if the sense of "crazy" evolved into the meaning in GTA.