This is a part of my World Literature unit. I start the year with this unit with 10th graders, so the works are shorter and each presents a different aspect of writing from around the world.
Kipling is a great author for introducing colonialism to students. This poem's intention is still debated today... is it sincere or mocking? If you plan to teach this as a part of a colonialism unit, I suggest you show videos or a presentation on the topic first.
This project also works for a found poetry unit. Included are two poems based on Kipling's. Students will write their own poem based on Kipling's as well later on. A lot of students take it seriously, pointing out the struggles of students and athletes, though some take a humorous slant.
This is definitely an assignment that is best suited to group work, 3-4 students, so they can work out the meaning of the poems together.