A coiled dragon is devouring a sword. The dragon is the crown. This is the shrine of Akatosh. The crown of Akatosh is Alduin. The sword is the Upstart, who feeds himself to the Hunger. However, the Upstart Talos exhausts the Hunger, thus he saves the world, by creating the new in his sacrifice. The sword: reach heaven (the lofty, dragon-shaped crown of the Ruling King) by violence. So the whole motif is imbedded in history and memory.
The one who takes up the sword kills the Hunger, only to take the skin and become the Hunger. The world replaces its members in times of need.
(A pilgrim's meditations, you might say.)