my first thought would be playing airplane, but maybe he's holding a balloon on a string, or balancing on the edge of a curb or stone wall the way little kids like to do
Funny because an airplane and a balancing act were my first thoughts too... I'll keep playing with it!
Somehow I see him balancing on a tight rope saying something to the effect of "You can do anything when you put your mind to it." But regardless of what he ends up doing, I think he's cute :)
i love him! so cute!