134 people have looked at your listing; 26 people have looked and click 'watch this item' so they are notified of any bids and can find it easily in their 'watch list'.
I used to get really excited when I had a lot of watchers. However, be since learned that a lot of watchers does not necessarily equate to a lot of bids, although sometimes it does. Good luck with your sales.
In real terms it means 134 people have viewed your item and 26 people are selling a similar item and are just being nosy to see how much it will sell for