That is sure as smug a look as I have ever seen in panel one… eyes squinty, that knowing expression… like he’s looking into a campfire at Lost Forest…  not being pinned in by flowing lava…

I like the theory that they are about to do a Butch Cassidy/Sundance Kid-like jump into the sea where Cal will be miraculously floating…  Surviving a fall of 100+ feet into unknown depths…  sure, it could happen…