Bonus Characters
To unlock Kain, Judas and Marukka, beat the game with any of the original characters
Extra Outfits
To recieve an extra outfit besides the bonus characters (Judas, Marukka and Kain), complete the practice mode with the character you wish to recieve the outfit for. Hold L1+L2 and press X to select your character at the character select screen with a new outfit.
Fight against the Gimp
Complete the practice mode with all 11 characters. After you have done this, hold L1+L2+R1+R2 and press X when selecting an opponent. This only works in the practice mode.
Instant full kill meter
To get a full kill meter instantly during a fight hold down L1, L2, R1, R2, select, start, triangle, square, circle, and X.