WTF? Did I just stumble into the McDonalds-land delivery room? Yes. Yes I did. This is a Ronald McDonald Vinyl Record & Clock. The scene being depicted is of the Clown Prince of GMO delivering what is apparently his own baby, who is already wearing a weird little rope diaper. Also a portal to hell has opened in the upper right, letting in a bunch of eyeball bats.
Raise him right Ronald. Learn from your mistakes with Grimace and the Hamburglar. Mayor McCheese was the only kid that really made something of himself. A Cheeseburger.