"The Watch and The Pistol" joke

Two college friends, one from New York and one from Iowa, come of age during summer break. The New York boy's father presents him with a new pistol. Meantime, the Iowa boy receives a beautiful gold watch.

The next semester in their dorm room, the two boys are showing each other what they got. They each liked what the other one got, so, they traded.

That night, when the New York boy phones home, he tells his father about the watch, and explains that he and Sammy traded.

The father blows his top. "Whats a matta you! You a stupid college kid? Some day, you maybe gonna get married. Then maybe some day you gonna come home and find your wife in bed with another man. What you gonna do then? Look at your watch and say,' How long you gonna be?'"

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