Maybe the joke is that if you pretend to be able to read it by not acting confused by the weird gibberish, then anyone can tell that you can’t read

It’s a haiku relating to the famous court case between Mr S Nakes and Mr N Ot, as represented by his lawyer Oscar Zamebdis (common misspelling) who liberated Mr Nakes from participating in a reading test due to his sunburn.

The watermark of circles in the background reference how much he won in the settlement

How it would actually go down:

Would have been better if the letters were properly spaced