Appearing alongside the hero of 'Plastic Man' comics in the early 40's, (and as recently as my beloved cartoon Batman The Brave & The Bold) Woozy is a clown stooge, kind of an extra-bewildered Hardy or Costello. It seems Plastic Man was not ludicrous enough on his own, so a duo they became. The rubber man and the rudderless man.
Manifesting the adage "fate protects fools", the indigent Woozy Winks rescues a drowning soothsayer with the most minimal effort possible and is granted the boon of the protection of mother nature. No one can do Woozy a fatal harm, and it's difficult even to hold him against his will.
However, Woozy Wink's will is so weak he took a coin toss for his moral compass.
It is only when Plastic Man apprehends him in an ill-conceived money-making scheme to saw the arms off a sculptor that Woozy ends up opting instead for the life of an unrequested sidekick. Plastic Man is something of a sucker for second chances and redemption, so he accepts Woozy's parole, friendship, and "help".
Great contrast when drawn together: fat and slim, grounded and unearthly, puny and powerful. The bumbling gangster who'd rather make good as a G-Man. Provided there's somethin' in it for him. Woozy Winks can be counted upon to stumble into any murder mystery, fumble into servitude to a den of Nazi collaborators, buy any bogus treasure map, or pick the unnecessary pocket. A loyal friend on the up and square, provided someone is constantly supervising him.