It is an allusion to the ACME brand of the cartoons, in which there was always a fraud or in the end the product did not work or had errors. Likewise, how they sell you meat and the fragility of animals and the environment.
It can be used as conceptual art in the streets and rooms with real materials. By mounting you can see how the barbs can touch the balloon at any time and end up exploding. It's just a matter of time.