Chode in the Hole

Alright listen up, you dum-dum. The joke here plays on "chode" which is a slang term for a short, thick d*ck. "Toad in the hole" is a dish. So, the joke is a play on words that replaces "toad" with "chode". Basically, it's a d*ck joke, which is probably the only thing your tiny brain can process.