This is a light pole cache (LPC). A "skirt-lifter," as it's called on the mean streets. Why am I coming right out and saying it? Because someone needs to talk about this serious subject, Simply put: these dangerous hides are gateway caches to a long life of geocaching addiction.
"Oh, a quick smiley," you think. Yeah. That's how it starts. Immediate gratification. "That was fast enough that I have time to go find another one." You see where this is going? Pretty soon you're trying to FTF a 5/5 at 2:00 a.m. while your lonely wife lays awake in a cold bed.
Don't succumb to the temptation. DNF this cache. Start your recovery today.