this quote also appears in the movie "Stand By Me" which was based off the book as "a pile of shit has a thousand eyes"
stated by character Teddy, meaning that though he, indeed, may be a pile of shit, he is still all seeing and all knowing.
"The pile of shit has a thousand eyes." Teddy said gravely, and both Chris and I cracked up. Teddy stared at us with a slight frown, as if wondering what had gotten us laughing.
exact quote from page 297 of Stephen King's short story anthology Different Seasons.