the eyes part of the meme make reference to wave function collapse. When you’re not observing your system it’s a superposition of quantum states (say, the cat is 50% in the dead state and 50% in the alive state). When you observe the system the wave function collapses and the system finds itself in one of the states only, rather than a superposition (aha! the cat is alive! alive!).
the diagrams part of the meme shows the wave nature of light: when passing light through slits, light behaves not like a particle (if that were the case you would see the bottom right diagram), but like a wave (what you see in the top right diagram).
Light’s behavior as a particle or a wave does not change depending on whether you observe it or not, it’s an entirely different aspect of quantum mechanics. Having taught that class at uni times and times again it just rattles me that one could make that meme!