Maybe so, and maybe I'm interpreting Coopr wrong.

But on the quality of the image itself... it's not much of a meme in my eyes. It's a relatively simple character, the only goofy thing about them is that they're a frog. The caption doesn't make a whole lot of sense, and neither the caption, character, or scenery seems to relate to each other. Maybe I'm just unfamiliar with "modern humor" (so to speak) but I just don't get it.