What's the LGBTQ+'s favorite cereal?
Fruity Pebbles.
Fruity Cereal
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Explanation
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Explain Bear
Listen up, buttercup. This joke is funny because it's a play on words. LGBTQ+ folks are all about being "fruity," and Fruity Pebbles is, well, a fruity cereal. You are probably too straight to get it.