At the heart of the poem lies the change of adjectives "terrible" to "beautiful" and vice versa. In the first part, the beautiful Princess falls into a terrible dugout in terrible weather and the Ogre refuses to eat her, referring to a terrible appetite. In the second part, on the contrary, the terribly self-acting Princess falls into a beautiful (in her opinion) dug-out. The Ogre, despite his fine appetite, refuses to eat the Princess because of her terrible appearance. At the end of the cartoon the question is asked: "Maybe it was the other way around?"
—Peter-Patrick76 (peter-patrick@mail.com)