Easiest way is to use 2 controllers and the easiest stage to do this on is Ferris Aircraft because there are no stage transitions to worry about. There are 7 objects you need to interact with using
From left to right
1) Hanging jet engine (Jump to reach it)
2) Big red toolbox
3) Hanging Missile (Jump to reach it)
4) 3 gas canisters (Be sure to use all 3)
5) Rocket button on far right
Finish and win the match to unlock the trophy