红色毛爷爷到我怀抱里来
[hóng sè máo yé yé dào wŏ huái bào lĭ lái]
This is a rather playful use of a well-known historical image of Chairman Mao dressed in red to show adoration or humor. It should be noted that the actual meaning can differ based on various interpretations in modern China and among different age groups.