"Old Ball" joke

One morning, Bill and Bob were out playing a round of golf. The first hole was a long par four, with water to the left and a ravine to the right.
Bob took out a brand new sleeve of balls, teed one up and put it right into the water. Not giving it a second thought, he pulled another ball from the sleeve and put that one right into the ravine. He then took the last ball from the sleeve and put that one into the water as well.
As he reached into his bag and pulled out another brand new sleeve of balls, Bill asked, "Bob, why don't you just hit an old ball?"
"Well, because I've never had an old ball," Bob replied.

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