There’s not too much info that I can find on this, and the image isn’t quite big enough to figure out what everything is, but I think I can say that yes, this is a badflag. I can identify the central image is of Dr. José Protasio Rizal Mercado y Alonso Realonda, who aside from being the Philippines national hero, the namesake of Rizal Province and the bearer of the longest name I’ve ever seen, apparently had a CRAZY hairline and a severely odd shaped cranium. However, looking at photos of Rizal, this seems to just be a poor rendering of the fellow.
The rest of the scenes are kind of hard to figure out. In the top left – I think there is a guy holding up a sword and a bow. But that bow also looks like two fish kissing. Next is a couple of houses by a lake. I think there’s a filled-in valley between them. In the bottom right, a mermaid is smelling a flower (I think.) The final scene is the most perplexing. A person wearing an apron and a chef’s hat is having a rigorous debate with two yellow fire hydrants.
Or something. Clarity, brevity and better quality portraiture would help salvage this sinking ship of a flag.