Is this a case of more is less?

Laugh? I nearly fell off my chair. This is curious, but as ever beauty is in the eye of the beholder etc etc.
But then, when you look closely, you can see there's a bit of work in it. Surely this can not be a proper production model,even if the Brazilians managed to palm off the old jigs to Indonesia or something...
Anyway, anyone who can translate for me and help me under stand what this is about would be extremely welcome.