The meme features a child in a clown costume resembling Pennywise from Stephen King's 'It', surrounded by other kids in different costumes. The image caption is a humorous play on Pennywise's line 'We all float down here,' but altered to be more appropriate for kids by changing 'float' to 'nap'. The setting appears to be a school or daycare where children are supposed to be napping, adding to the humor.