I like the general look of it.
I do have to admit, though, that I first read the title as "Magic Ashtray" on both of the pictures. I was really confused, went back, thought "wait, a typo in "ashtray", then looked again and did a doubletake.
The title style of the second one appeals more to me - if you want a clearly-standing-out title, I prefer the ones that go with a black/dark grey band around the to somewhere. It also makes it lookmore like a part in a longer series or trilogy; it isn't yet but it will be, someday, hopefully