The first, really random thought that came to mind about this was that it was the transcribed version of the sentence, "Live today," with a strong New Zealand accent. Stupid jokes apart, it's a good summary of existence in just three words.
And if you really think about it, there's nothing negative or "depressing" about it. In fact, it is beautiful in its simplicity. I think the little skull adds to the overall morbidity of the picture, perhaps unnecessarily so. Just got me thinking about the ultimate purpose me life, and how as much as I like to take myself and the world around me seriously, I really shouldn't. What does it mean to exist? Well, how does that matter?