A frowning old man in a military cap and a civilian suit stands amongst a crowd of people outdoors carrying signs and balloons.
A man is watching a group of people having a hot dog eating contest.
These people cannot be having a hotdog eating contest while carrying around signs and balloons.
A man either is standing amongst a crowd of people outdoors carrying signs and balloons or is watching a group of people having a hot dog eating contest.
Frowning old man or just a man. Stands or watching. Carrying signs and balloons or having a hot dog eating contest.