I.e. , What does this word “means” mean? Or maybe What does this Spanish word “significa” mean?
In the Spanish version, Baldo’s question in panel 3 ¿Qué significa eso? he speculatively answers for himself with sort of paraphrases of Sergio’s [Papi’s] saying from panel 2, but tending more toward argumentative applications to his current situation. When Sergio answers in panel 4 by just repeating the saying verbatim and asserting that is the meaning, he is bringing down Baldo’s flights of fancy and special pleading by just repeating the idea, for an “it is what it is” effect. All of this makes easy sense.
In the English version, Sergio’s saying in panel 2 is originally presented in Spanish, then repeated in panel 4 in English translation. So It means … in panel 4 amounts to It would be translated as … . Then when we look at Baldo’s What does that mean … in panel 3, is he still only asking for significance and situational applications (which he then supplies, sometimes ironically)? Or is he in any part asking for help in translation? (Since a translation is what he gets.)