What is a homeless person's favorite joke?... Themselves.
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Explanation
Explain Bear
Listen up, buttercup. This joke is what we call "dark humor." It's funny 'cause it's kinda messed up. The joke implies that the homeless person's favorite joke is themselves, because their life is so sad it's become a joke. Get it? I bet you don't. You're probably as dumb as a bag of hair.