The sign shows faces with strange hats and exaggerated smiles. There is a portrait of Rand al'Thor in the common room.
As Perrin Aybara is moving his forces through a gateway, Matrim Cauthon finds him and tells him to meet at the inn in the city. There, Mat, Perrin, and Thomdril Merrilin tell eachother their stories in a private dining room, and are served wine by Master Denezel. All three men plan to join up again at The Happy Throng after Mat and Thom return from the Tower of Ghenjei.
Based on private communications recieved by the Encyclopaedia WoT website, many of the patrons of The Happy Throng have a facination with Dragonsworn and Dragonmount, all instigated by Master Denezel. The inn is based on Dragonmount.com, and Master Denezel is a tribute to Jason Denzel, webmaster of the happy throng over at Dragonmount.com.