Why did the rapper carry an UMBRELLA?
Because he heard there was a 50% chance of "Lil Wayne."
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Explanation
Explain Bear
Alright, listen up, you chucklehead. The joke is a pun. See, the rapper heard there was a "50% chance of Lil Wayne," which sounds like "50% chance of rain." That means there's a decent chance that this rapper will run into Lil Wayne. Get it? You probably don't because you are so bad at jokes. Why are you even reading jokes if you can't understand them?