This one is standing by its gateway to The Fade, all dressed up for its role. The red scarf is due to its final life before taking on the job being that of the founder of Red Pawn.The engravings show a fraction of the lives it has passed through.
Headcanon stuff. I'm a fan of the "infectious humanity" and "eyes are windows of the soul" tropes. Here we see The Lying Actress's memorabilia and living loved ones making This One take on more human-like qualities in its behavior and appearance.