
In the PlayStation versions, one of the costumes is Sackboy from Little Big Planet
Game:
Costume Quest 2

It looks like one half of Ben Burbank's Amnesia Fortnight pitch, Jet Girl & Ghost Dog, made it into the game.
Game:
Costume Quest 2

The wolfman does the Thriller. Plus, his upgrade is Teen Wolfman. His name and appearance in this form is a reference to the film Teen Wolf.
Game:
Costume Quest 2

When you upgrade the robot, it becomes Redbot, the character for the original test room for Reds (the codename for Broken Age)
Game:
Costume Quest 2

The Grubbins use the same wording when referring to the kids, instead of calling them by name, in the same way that Linda does in Psychonauts
Game:
Costume Quest 2

Wren can also join in with a costume of Surge Protector from Middle Manager of Justice
Game:
Costume Quest 2