There's a guy under the boat pumping the water in, obviously, the boat is obviously in the middle of a huge wave pool and a "volume", or a big screen dome, similar to what they use on the set of the mandolorian. This, obviously, creates the appearance that they are actually trapped in the middle of the ocean, even though they aren't.

We can therefore see that the meme is obviously representative of a kind of insane abstract illusion, much like the allegory of the cave. But, this cave has no surface. For the people within the simulation, what is the purpose of it? Perpetual torture? Which of them, can we assume, are in on it, are actors, are plants? All of them, perhaps? Does the illustration's highly arbitrary nature create a kind of representation of the nonsense that is political propaganda, and is this elaborate illusion of suffering constructed solely for our observation, or is it just that the people within the painting are trapped in a kind of perpetual toil by virtue of having known nothing different, given that we know nothing of their broader context or past?

Who could say. Truly, this is great art, high art, a high art meme.