If someone apologizes for giving only a small gift, the recipient may encourage the giver by quoting this proverb. This is especially true if there is a huge job to do or a huge amount of money to be raised from many people.
Do not ask too many questions or become too curious about things. You may get yourself into trouble like a cat that does not see the danger in a new situation.
Do not risk everything in one place or on one project. Divide your sources that one failure will not ruin you. Similar to this proverb---Do not use both feet to test the depth of the river.
One may enjoy the process of playing a game whether one wins or not. This traditional proverb is now often heard in the opposite form, Winning isn't everything. It's the only thing!