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Why do the curves cross? At some level of smell, bad perfume has better taste than good perfume?...

I think it means that if you have a low (bad?) taste, a bad perfume smells more than a good one. But granted, I haven't tasted neither good nor bad perfume, so you might be right as well.

I'm not sure -- but I think it means that bad perfume is more tasteful when its odour is not as strong. However, in contrast, good perfume becomes more and more tasteful as it smells stronger and stronger.

People with very poor taste (think fashion sense) think that bad perfume smells good and that good perfume smells bad. The people who think that bad perfume smells good drops off quickly, as their "taste" increases.

I totally misunderstood this as taste as in what it would taste like if you licked it...

Yeah, I thought "taste" to mean the tongue faculty, too. I was thinking the graph was a jab at the modern convention of hiding one's natural scents with perfume/cologne/etc. and by proxy their tastes, and how those lend themselves to sex. :3

(Don't confuse natural scent with poor hygiene.)

SUMMERY: WTF!?

I had a cousin who put on a perfume in the bathroom, and some ended up on my toothbrush. Believe me, that "taste" changed my opinion of that perfume forever. Every time I smell it, I taste it all over again. (gross!)

I like this one, and think the title is the truest part.