I'm pretty sure that the panda is dead and stuffed, but there's a small part of me that thinks it might be alive. It kind of looks like it's falling backwards, doesn't it? Not that it matters. Either way this is a weird picture. What kind of family has a stuffed panda - that's question number one. And what kind of family uses their stuffed panda as a goalie for their son - that's question number two. It's absurd either way, though it's absurd enough to be awesome if that's a living panda.
It goes back to the points I made with the bear picture and the penguin picture. If people had the money they'd buy just about any animal they wanted. Panda bears seem nicer than regular bears, so why not let your kid play with one?