What does Esther 6:8 mean?

Let the robe and the horse be handed over to one of the king's most noble officials. Have them dress the man the king wants to honor and lead him on the horse through the city square, announcing, "This is what the king does for the man he wants to honor!"' Esther 6:8 - Modern Text Bible

(Haman's plan is to make the honored person look like the king's favorite, paraded in public.)