Well, he ain't leaping around, but at least he's got "pants" on this time!
Referencing my Lady Cyclops of about 100 cartoons ago, this guy is dreaming of edible sailors (?) arriving on his rocky shores and winding up in his stew-pot.
Symbolism for Beginners: The Cyclops represents tunnel vision, which is an antipathy to the Arteest. He is also perpetually hungry, signifying greed. Plus, he's depicted as a "primitive", representing ignorance.