I mean, yeah, but that's so much better. Sure, our food sucks, but it sucks in such an elevated way that it's almost an art form. British food seems like it was made by a guy desperately trying to put together a meal from ingredients he bought at a gas station. American cuisine seems like it was made by a chef who is losing his sanity to Lovecraftian horrors beyond our comprehension. The world looks at beans and toast and laughs at how pathetic it is.They look upon the Cool Ranch Doritos Locos Taco and weep, for they now know there is no God.
There are several dozen YouTube videos of exactly this and it almost never goes over well. I’ve seen like two non British try been a and toast and go “that’s not as bad as I expected”. None of them praised it or would seek it out, it just didn’t immediately make them hurl.
OP’s pic is just the British way of saying “our national pastime is watching dry paint dry, and we’re most pleased to say that we’re rather proud of that fact!”