(Strip Number 4112, Original Publication Date, 22 December 1981)
Panel 1: We start things off with a rather reluctant Mike approaching Mrs Hardacre. He interrupts her grading test papers by saying her name....
Panel 2: ...handing her a carefully wrapped present and telling her that he wanted to give it to her.
Panel 3: The present in question is an ornament of some sort shaped like a bird; a delighted and touched Mrs H says "For me, Michael? Oh, how very sweet, dear!"
Panel 4: Since Lynn tends to borrow from Schulz more than she ought to, she signifies Mike's mild revulsion at being the target of Teacher's affection by sticking his tongue out; as she clutches onto the carving and smiles wistfully, Mike thought-bubbles "Gramma said she'd be happy but she never told me I'd be KISSED!!"
Summary: Whoever first noted that he's more or less the prototype for all the favorites that a latter-day failure of a teacher is spot on; that's because we're at the 'peace offering' phase of the love-hate relationship. The warm feelings he might be feeling now will last only so long as he's not being tested; once he receives a failing grade for not living up to his potential, she's going to be a kid-eating monster again.