10 PTS) COCOON METAMORPHOSIS: When Her is KO'd, generate a standard immobile object in her square and give it 3 Cocoon tokens. For the rest of the game, at the beginning of your turn remove a Cocoon token. When you remove the last one, if that object is on the map, KO that object and generate a #ai016 Kismet on click #1 in that square. Protected: Pulse Wave.

Does the standard object that's generated have any combat values.
I don't have the figure yet so i want to see how it works before i get it.
Is their anyway to ko the cocoon so it couldn't bring in a fresh figure.

It has no combat values. And because it is an object it can be destroyed with a CLOSE/RANGE destroy action

Yep, this. If you can hit the cocoon for 3 damage you can pop it before she has a chance to respawn.