In her book Chaos Monkey, Jaq uses the monkey spirit as a representation of the trickster nature of magic. In this image we see both the magician and the monkey as babies, illustrating the idea of being born to magic, or magic choosing the magician from a very young age.
There is much hidden symbolism in this fun picture, from the arrangement of letters on the nursury wall and the odd choice of illustrations, to the branding of the pram. And the plushie octopus toy is ever so slightly weird when you think of it...