The phrase describes a specific type of dining establishment. It identifies an Italian restaurant that offers gondolier-themed ambiance, and specializes in both traditional Italian cuisine and pizza offerings, specifically detailing the printed list of available dishes and their prices.
Such a business provides a culturally specific dining experience. The inclusion of pizza broadens its appeal, catering to a wider range of tastes. The menu is the primary communication tool, informing patrons of their choices and setting expectations regarding price and available options.