to slaughter; to butcher; to kill (animals etc) / (coll.) to fleece; to rip off; to overcharge / (bound form) to govern; to rule / (bound form) (a title for certain government officials in ancient China)
宰
=
宀
+
辛
:
Zorro (z) is preparing a terrible kind of kimchi (辛) in the airplane (ai3). He is slaughtering livestock (宰) and collecting it together with the kimchi in a huge, turned-over graduation cap (宀).