Defined by the Chinese creators of this glyph as a SMALL NET, with the meaning derived from「threads with orifice of crotch head」clearly suggests a covering to hold a codpiece poultice in place to trap「each and every one of various penile emissions」discharging from an infection.
Alternatively, also as a SMALL NET,「silk thread descend from orifice」describes the process of a caterpillar spinning its cocoon, in which a single sticky and stinky thread more than half a mile long is woven into hundreds of thousands of RELATED figure eight shapes, ENTWINING, CONNECTING, and INVOLVING all those loops LINKING into a NETWORK, as a place where the TIED UP caterpillar larva can metamorphose into an adult moth. The actual motions of the caterpillar spinning the cocoon are graphically depicted by the elements「thread from head orifice between spread feet」as the animal spits raw silk from a spinneret and places it using its two spread front feet and mouth. A condition in which「each loop of silk thread」is stuck together in contact with all the other threads, all ENTWINED together.
In Chinese, this glyph is also associated with「loose stinky raw threads dripping」and preventing rancid stains from appearing on the front of one's trousers, by encasing the penis, scrotum and gonads into a reticular sack, in which poultices and bandages could be contained and held firmly in the correct position. Perhaps then elements are「threads in mouth-like shape to hold crotch head」similar to a codpiece, that was fundamental for each royal and dignitary. In a pinch, the net-mesh sack also functioned effectively as a dog muzzle when tightly tied. The shape resembled a spider's WEB, a NETWORK of sticky threads used to TUCK IN cloth bandages much as a hairnet holds in hair, or even resembled a caterpillar's cocoon with live squirming meat inside. Further, if you want to NETWORK and BE CONNECTED with a dignitary, then get him laid as「ejaculations fundamental in each orifice」for a dignitary and a primary method of receiving favor.

External source definitions …excluding politically incorrect concepts and other meanings deemed offensive today; may include extended definitions, euphemisms, and mnemonics)
Chinese: net-like; small net
Japanese EDRDG: entwine, coil around, become caught in
Unihan extended: enmesh, wrap around; web, net