No it ain't.
It means to "Observe closely the hydrocephalic Qtards for amusement and great justice".
Or in laymen's terms:
"Watch them waterhead Qtards, they funny as hell."
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Whoa. Now there's an interpretation I hadn't heard yet. Bumpkin, you're a natural at this Q business. It's a shame you got no indoor manners, or you could be all up in that Q thread solving stuff with us.
I thought those were brains, but now I know.