It has a cult following among Gen-Xers, furries, emos, and basically anyone who thinks it's still the 1980s. It's known on the internets as being the poster example of childhood being violated by Rule 34.
Bill Watterson is the creepy loner who created Calvin and Hobbes. Lemon Demon wants to eat his heart and absorb his powers. He is staunchly against merchandising his characters because it would cheapen them. While this is a good idea and works in theory (and certainly why there aren't over 9000 C&H t-shirts at Hot Topic), it backfired because then the fans and various other losers made bootleg stuff, most notably the car decals of Calvin peeing on stuff. See: irony and FAIL. Watterson's refusal to saturate the media with C&H merchandise backfired further with the invention of the internets, when the torch of the comic strip's legacy passed to b, who fed it through the meat grinder of lulz.
Calvin and Hobbes became notorious for making boring shit used by people who have never had sex and all committed suicide by now funny; philosophy. The power to use the word analogy and make it cock busting funny was deemed as genius, despite the strips containing such controversy like questioning the belief of God, Santa Claus and PTSD.
That Calvin has the vocabulary of Nietzsche (Read; fag.) and suffers from some half assed reverse Darwin complex instilled by Freud's theory that Calvin secretly wants his dad to fuck him never seemed to have been noticed by anyone. They were too busy tripping out on Calvin's supper coming to life and laying the smack down on his rebellious ass, or watch him fantasize about being a dinosaur or a Teletubby because his severe psychological problems won't allow him any friends. Even Hobbes kicks his ass most of the time.
It's the kind of comic which people have read for years and claim to find new things even after reading about murderous snowman coming to execute acts of terrorism on Calvin's dad's car for the 687th time. But that isn't because the humour is so complex and fuckolosophical, it's because those people are all retards, and that's why they read Calvin and Hobbes; because they're gay retards. The black sheep imperative of this comic fails hard, and it's no wonder that Bill Watterson decided to stop drawing shit that gave loners and armchair philosophers a reason to live.
Calvin and Hobbes pr0n and copypasta is some of the most vile, despicable content on the internets. Even a jaded /b/tard will find it difficult to read the following story about Calvin having sex with Hobbes without feeling vaguely uneasy. The internets can take the most pure childhood memory and make it sick and wrong; note Calvin's disturbing use of "Old buddy" in the following copypasta, or the multiple references to actual C&H strips, now irrevocably tainted with the image of Calvin driving his manhood into Hobbes' asshole. Rule 34 of C&H simply should not exist. It's sort of like 9/11, really; you can't help but watch, and you know that on some level it is lulz, but at the same time it's just incredibly fucked up. Unlike 9/11, however, the blame for this doesn't fall on the Jews, but on YOU. Anon takes sick pleasure in bending over precious childhood memories and raeping them until they are no longer recognizable, and it should be very ashamed of itself. This is why Anon can't have nice things.
The Bel Air'd copypasta, however, is unquestionably made of win.
Calvin lay there in bed, next to his tiger. His fourteenth birthday was tomorrow. He was getting older, puberty striking at his mind, voice, and body. He kissed Hobbes on the cheek, puling him closer and thanking him for being his friend. Then it happened. It had been happening often since he was thirteen and he had no control over it. His erection tented his boxers, pressing against his friend's rump. "Stop.." Hobbes mumbled with a growl, pushing him away. Calvin turned onto his back, pulling his under shorts down and revealing his standing pillar, about five inches. Average, he figured. He shook Hobbes awake. He didn't wake easily and grumbled and growled, but eventually sat up. "What, Calvin?" He asked angrily, wanting very much to go back to sleep. "I love you." "I love you too.." Hobbes said awkwardly. 'What is this about?' He wondered. "Do you really love me?" "Yeah, why?" Hobbes sat up further, sleep forgotten. "I want to mate with you.." Calvin blushed, and Hobbes got scared, and said you're movin' with your auntie and uncle in Bel Air. I whistled for a cab and when it came near the license plate said "fresh" and had dice in the mirror. If anything, I could say that this cab was rare, but I though "nah, forget it, yo home to Bel Air"! I pulled up to the house at about seven or eight, yelled to the cabbie, yo homes, smell you later. Looked at my kingdom, and I was finally there, to sit on my throne, as the Prince of Bel Air.