In literary and casual contexts, absolutely (though we'd probably say "he/she" instead of "it" here). As I said, "it" referring to the mat is the most natural and obvious reading, but other ones are perfectly logical and sound, if less likely/common.

Although the sentence is itself a bit awkward and strange on its own, and really needs context. In fact, this is because the sentence is generated as a short example to make a point about attention and tokens, and is not really something someone would utter naturally in isolation.

I mostly just wanted to playfully comment that original GP / top-level comment had a valid point about the ambiguity!