Alternate costumes:
Press Start and any button to rotate the select screen pictures
two times to enable each character's second costume, except for Sonya and
Tanya. The select screen pictures must be rotated three times for those
characters.
Cheat option:
Highlight the "Continue" selection on the options screen.
Hold Run + Block (C-Left + C-Down by default)
until the cheat option appears and the word "Outstanding" is spoken.
The cheat options include "Endings", "Fatalities 1",
"Fatalities 2", and "Level Fatalities". The "Level
Fatalities" option will allow the spike fatality to be executed on
any level.
Automatic fatalities:
Enable the "Cheat option" code, then turn on the "Fatalities
1" selection. Then execute an uppercut from anywhere on the screen.
Automatic endings:
Enable the "Cheat option" code, then turn on the "Endings"
selection. To see a character's ending without defeating all the fighters,
enter arcade mode and defeat just one character.
Fight as Goro:
Enable the "Cheat option code". Select the invisible icon
at the bottom of the character selection screen. Press Up(3), Left
to highlight Shinnok's icon, then press Run + Block (C-Left
+ C-Down by default).
Fight as Noob Saibot:
Enable the "Cheat option code". Select the invisible icon
at the bottom of the character selection screen. Press Up(2), Left
to highlight Reiko's icon, then press Run + Block (C-Left
+ C-Down by default).
Fight as Meat:
Enable the "Cheat option code". Enter "Group Mode"
and successfully fight as all sixteen characters. After this has been accomplished,
select any character and begin a match. Your character will playing as Meat
with all the moves of the character that was selected.
Cheat codes from Bill's Cheat Pages
http://www.angelfire.com/ca2/billscheats/