"I don't like the looks of it," said the King, showing his distrust or concern about a situation or object. Despite his reservations, he seems willing to accept or tolerate it if it pleases others, even if he personally disapproves.
"I'd rather not," the Cat replied, indicating his preference to avoid or decline involvement. Their exchange highlights differing attitudes towards an uncertain or potentially risky circumstance, reflecting the whimsical and curious nature of the characters in Lewis Carroll's story.