it's called a meme, where you take an interesting picture then add a funny caption. In this case, the meme image of Obama giving himself an award is already a funny picture, but then adding a caption about why would he give himself an award. The caption is funny because of the double meaning referencing participation awards, where everyone involved with a game gets an award to make themselves feel better, juxtaposed with Obama giving himself the "participation" award.
Caption this Meme
