When a comedic story uses one joke repeated over and over and over to fill the timeslot. It could be one episode of a show, or an entire film. A subtrope of Overly-Long Gag.
Five hats means that five tropers think it is ready to publish.
You are saying that you think this draft is ready to be published. That means the description is not ambiguous,
it doesn't duplicate an existing trope, there are at least three examples, and the title makes sense.