Betcha can't tell me what this does

lui t0, $08cf
lw t1, $0500(t0)
beq t1, zero, $LabelOf"♥♥♥ness"
nop
lwc1 $f0, $0018(t1)
lui t5, $3f80
mtc1 t5, $f1
add.s $f0, $f0, $f1
swc1 $f0, $0018(t1)
lw t8, $001c(t1)
slti t4, t8, $beef
bne t4, zero, $LabelOf"♥♥♥ness"
addi t7, t4, $0001
sw t8, $0020(t1)
jr ra <--"♥♥♥ness"