I Think this is meant to look cute, but this little kid creeps me out. It's so creepy! It's like he is jabbing the knife deep into the poor eye of the sleeping jack-o-lantern, gaaaah! It's also odd how much the jack o lantern resembles the face of the boy.
What it says, fool, what it says. It's a girl on a cow. Why she is on the cow is a whole other question. Is the cow being led by the boy, or is following the boy naturally? Is the girl going to school or just for a ride around the neighborhood?