Weird Japanese flash game (plus a translation request)

http://ece4co.vis.ne.jp/shockwave8/kumoneko.html

It seems like fun.

Problem is, I can’t figure out how to pass the third level.

Can anyone translate the text at the bottom?

Neat.

A few things the text tells you:
[ul]
[li]If you press the space bar while the string is snagged on one of the pins, the pendulum moves to that pin.[/li][li]You can snag a pin from either direction.[/li][li]Don’t hit the “thorns,” it hurts. (The snowflake-like things that appear around level 4) [/li][/ul]