I believe the left hand is a shell fork-bomb, on the assumption that anything that zany is probably malicious.
And the right hand is a way to tell Make to use up all available system resources:
"-j [jobs]’ ¶
‘--jobs[=jobs]’
Specifies the number of recipes (jobs) to run simultaneously. With no argument, make runs as many recipes simultaneously as possible. If there is more than one ‘-j’ option, the last one is effective. See Parallel Execution, for more information on how recipes are run. Note that this option is ignored on MS-DOS."
Edit: I think the make command is technically only a problem when run for a Makefile that tries to do too many things, and has at least one mistake in dependency controls. So... for every Makefile I ever encountered (or that I ever wrote!)