Panel 1:
We're deep blow the Sea of Thieves, looking at a skeleton galleon - the Sudden Narwhal - as it navigates the depths. In the background we can see multiple player ships, queued for Hourglass battles.
Skeleton: Remember the days when it was just us skeleton ships down here, Cap'n Murray?
Panel 2:
We're on the deck of the ship, looking at Captain Murray (a skeleton wearing a captain's tricorn hat and an eyepatch) as he steers his vessel amongst the coral and submerged rocks. In the background, a skeletal crewmember looks at the player ships that surround them.
Captain Murray: Aye, ye cannae move in the depths fer pirates since season eight...
Panel 3:
The skeletal crewmember leans over the railing at the back of the ship, pointing off-panel at a nearby player ship.
Skeleton: And is that guy wearing a SKELETON CURSE?!
Panel 4:
The Sudden Narwhal is in the background. In the foreground, we see a player sloop - the pirate captaining the ship is indeed wearing a skeleton curse (with a bucket on his head). Captain Murray is incensed as he yells from his ship:
Captain Murray: THAT BE CULTURAL APPROPRIATION!