John Cabot was the first to explore the Coast of Labrador. After he left, he realized that he had forgotten something and had to go back to get whatever it was. This made him the first Labrador Retriever.
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Explanation
Explain Bear
Listen up, buttercup. This joke plays on words. See, John Cabot explored Labrador. A Labrador Retriever is a type of dog. Because he went back, he "retrieved" something, like a retriever dog does. Get it? It's funny 'cause it's dumb, just like you probably are!