That big cone looking thing is what we call (die) Schultüte (in East Germany we would also call it Zuckertüte). There's no official English translation for it as it's kind of a German custom (I'm not sure if any other country has them). You could translate it with "gift cone" or "first-day-of-school-cone". It's a cardboard cone (different sizes, colours etc) filled with sweets and little gifts given to children on their first day at school. They're brilliant and exciting. Can be quite heavy, too. ;D
haha, yeah, if my german isn't failing me it does! xD
uhu, i noticed that too, but in the comment in the drawing, it says that Bill made an excellent drawing of himself. The only thing that isn't really good is his nose, but that means he knows his strong and weak points... that he has a realistic image of himself. His nose means he doesn't really know yet what he really wants in life... something like that. And his eyes say that he's honest.