New Playermodel(new model of it)

[Cleaner]

why are the sides of the body just colored??????

It's coz your faces are facing the wrong way, with milkshape you have to create your face by selecting your vertex CLOCKWISE

EDIT: you can fix that by selecting the desired verticles and do a "reverse vertex order" in the "face" menu

Re-edit: on second look at your screenie it more like what a_slow_old_man suggested, overstretched texture...