This T-shirt design is for a school drama dept. It will say something like "Don't ya wish ya knew the code?" And then the large sheet of paper will have a list of "codes," i.e. slang terms particular to the drama dept.
For this one, a school band wanted a James Bond theme featuring their bulldog mascot. That presented the unique challenge of trying to turn bulldogs into Bond girls -- sort of hard to be a simmering, sultry babe with jowls like that.