My interpretation: Hotei showing the child choices in life, the boat in the seven gods of luck, (I forgot the name of the boat dang it) its the child's decision on which path to take.
In the boat.
The Seven Gods of Luck, or Shichifukujin, are often depicted on a New Year's Treasure Ship:
The seven gods are:
Ebisu: The god of fishing, agriculture, and trade, and the only deity with Shinto origins among the Shichifukujin.
Bishamonten: A protector of the righteous, and one of the Four Heavenly Kings in Buddhism.
Daikokuten: Based on both the Shinto deity Ōkuninushi-no-Mikoto and the Hindu deity Shiva.
Fukurokuju: The god of wisdom, luck, longevity, wealth, and happiness.
Benzaiten: The goddess of literature, music, and femininity, and the only goddess among the Shichifukujin.
Jurōjin: The god of longevity and wisdom, often depicted with a stag at his side.
Hotei: Also known as Budai, the god of happiness and abundance, often depicted as a Buddhist monk with a prominent belly.