The punchline is kinda lost in the transition to English, as are many Japanese puns, but the gist of it is basically what Rapha is saying can either be read as "Does it looks erotic?" or "Does it look awesome?"
As such, as (I'm assuming) Ramza replies, without looking at the shadow, we'll never know. :3
It's a bunny.
Does it look erotic?Without the shadow I don't know.