Here is said symbol:
                     MNN0B0NNM                    
                NBBBBBBBBBBBBBBBBM                
               HBBBBBBBB   BBBBBBBB               
              BBBBBB           BBBBBk             
              BBBBB             BBBBB             
             BBBBB              BBBBB0            
             BBBBB              BBBBB,            
             ,BBBBB            PBBBBm            E
              kBBBBBB        kBBBBBB          mBBB
                mBBBBBBBBBBBBBBBBB        0BBBBBB 
                  BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 
          BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 
      BBBBBBBBKKB     BBBBBB            BEBBBBBBB 
   BBBBB,N             BBBBB                   BB 
 XBBB                  BBBBB                    w 
EBE                    BBBBB                      
BB  BBBBBB0       BB  BBBBBBN PB                  
,BB BBB  BB       BBBBBBBBBBBBBB                  
 BBBBBBBBBk       BB  BBBBBBB PB                  
                       BBBBB                      
                       BBBBB                      
                       BBBBB                      
                       BBBBB                      
                    XB BBBBBkHM                   
                    wBBBBBBBBB                    
                      BBBBBBB                     
                       BBBBB                      
                        kBk                       
                         '
As you can see, it's clearly meant to suggest androgyny. It's a sort of stylized combination of the Mars (spear and shield) and Venus (mirror) symbols. As for the curly thing...I guess it's just meant to look cool. Maybe it represents Prince's The Artist's makes everyone's life difficult his hair. It also sort of looks like an ankh.

Basically, he just made up some crap that was vaguely reminiscent of some other crap. It is, in a word, crap.