Mykola Tarasenko have argued that Medjed’s dome-like torso is either a shroud or a “shapeless body” that symbolizes the deity’s imperceptible nature, and Cariddi has proposed that Medjed’s prominent eyes and legs could signify that he can “see, move and act even though humans cannot perceive him”.
In contrast, Bernard Bruyère and Terence DuQuesne have contended that Medjed is actually a personification of an oil jar, and that his red “belt” is actually a stylized lid fastener.
https://en.m.wikipedia.org/wiki/Medjed