Either this is a bad idea, or it's a bad execution of a good idea. I don't really believe in bad ideas to be honest.

There's no real experience here, as well as no real novelty. I have my own ideas of how this might be made to be useful, but I think you should give a real hard think as to the following questions

    - what is, step by step, the user experience like? 
    - how are they getting to your page in the first place
    - what is their response when they see your page
    - what is their response when they use the page (what do they click, read etc)
    - what brings them back the second time, time after that?
    - why would they refer others to your page?
    - what problem are you solving for them and how can they not get this anywhere else?

I'll give you one point that I noticed. W(hy)TF are the emotions in text format? No one likes to write "happy" when they can ::ninja:: something, also it's much easier to click in a sea of emoticons than to find an arbitrary emotion in a list.