The girl on the bottom left is Regina George, "Queen Bee" of the high school, and some other girls intentionally cut those holes into her shirt, trying to embarrass her / make her less "cool." The girls on the bottom right saw Regina, and intentionally cut similar holes in their tops so that they could be "cool" like her.
The title is a quote from the movie. Regina George says it to one of her closest "friends", who is trying to make "fetch" catch on as a new slang term meaning something similar to "cool" or "awesome".
Edit: It's all referencing the movie Mean Girls, specifically the one from 2004.
One of the girls is trying to make using the world 'fetch' a trend in their schools, but the leader of the group disagrees with her.
Some people are trying to show solidarity with Trump by wearing a bandage on their ear [2], similar to Mean Girls [3], where people are trying to start a fashion trend that is unlikely to happen.
Yesterday, after they called Tucker Carlson 'based,' I asked them if they agreed with Tucker Carlson's racist ideas about black people and they refused to answer. So now you know where they stand.