Can someone explain this picture (text design)?

[nancy :]]

http://s3.amazonaws.com/data.tumblr.com/tumblr_lgygkedFzZ1qcs7geo1_1280.jpg?AWSAccessKeyId=0RYTHV9YYQ4W5Q3HQMG2&Expires=1298445168&Signature=kTVHF7JDqXNKZSHmHYLZKeY6ZgU%3D