Temporary Invincibility.
Well, temporary invincibility is better than no invincibility. As long as Ratchet's health is full, he will become invincible for 30 seconds whenever he walks into a blue Health orb. Activate this cheat by performing the following moves in sequence: Comet Strike four times, backflip, crouch for a full second, backflip, crouch for a full second and Comet Strike four times.
Mirrored Levels
This cheat flips the entire level around, so if you come to a spot in the level where there was a door on the right, the door will now be on the left. It is not so much a cheat as it is a way to inject a bit of extra challenge into the game after you beat it. Perform the following sequence of moves to activate this cheat: Flip left four times, attack three times with your wrench, hyper-strike, double-flip to your right, flip right twice, double-jump and crouch for a full second.
Trippy Trails
The Trippy Trails cheat will cause Ratchet to leave a colored trail streaming behind him wherever he walks. Activate the cheat by wall-jumping 10 times, performing a double jump and finish with a hyper-strike.
Big Head Mode
Activate a total of four Big Head Modes in "Ratchet and Clank," one for each of the titular characters, one for NPCs and one for enemies. These can be activated by performing the following sequences: Ratchet -- Backflip three times, crouch for a full second, stretch jump and glide for a full second. Clank -- Backflip, hyper-strike, comet-strike, double-jump, hyper-strike, flip to the left, flip to the right and crouch for a full second. NPCs -- Flip left, flip right, backflip three times, comet-strike, double-jump, comet-strike and hyper-strike. Enemies -- Stretch-jump, backflip three times. Repeat this pattern two more times, then crouch for a full second.