A speaker works up the nerve to tell someone they like them, without ever saying so outright. The poem starts with a small observation, a new haircut, and a compliment that went over well. From there it moves to a comparison to a panda, which sounds silly but is clearly sincere. The speaker sees this person as peaceful, kind, and undervalued, and the line "I don't know why" suggests real puzzlement that others don't see it too.
The ending is the boldest move: an invitation to watch *Cruella* together. The speaker rambles a little about cleaning up and promises it'll be "cool," which makes them sound nervous and hopeful. The mood is shy, warm, and a bit awkward in an endearing way. The casual tone, with "ya know" and "hafta," keeps everything light, but the care in the details shows how much the speaker has been paying attention.