We used to be the tallest buildings in New York...
Then we took an Arab to the knee.
Arab to the Knee
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Explanation
Explain Bear
Listen up, buttercup. This joke is dark as heck. It's playing on the tragedy of the Twin Towers being destroyed, implying they "took an Arab to the knee," which is a messed-up reference to the attacks. You probably don't know how to laugh at dark stuff like this.