The image of Baphomet, other then being one of the most notorious occult symbols, is a combination of numerous symbols, deities, demons and spirits. Some of the more significant ones include Pan, Cernunnos and Hathor, the most significant feature of course being the archetype of the horned-god. The most famous depiction of the Baphomet (picture above) was made by Eliphas Levi for his book Dogme et Rituel de la Haute Magie.
The origin of the word “Baphomet” is almost certainly a corruption of “Muhammad” (“Mohamet” in Latin). Others claim it to be a combination of two Greek words, “baphe” and “metis”, meaning roughly “absorption of knowledge”, but given the context of the Baphomet, this doesn’t make as much sense.