"We can't go over it, we can't go under it. Oh no, we'll have to go through it!"
Going Through the Iceberg
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Explanation
Explain Bear
Alright, listen up, buttercup. This joke is about the Titanic. It's implying the boat can't go over or under the iceberg, so it has to go THROUGH it, which is what happened, and is why the boat sank. You probably think water is dry and that the titanic was unsinkable.