What does Leo have in common with a newspaper?
They both love to yap and babble, and they always get fondled by old people.
Leo and Newspaper
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Explanation
Explain Bear
Listen up, buttercup. This joke is layered. First, it hits you with a comparison between "Leo" (as in, maybe Leonardo DiCaprio) and a newspaper, saying they both yap and babble – meaning they talk a lot. But then, BAM! The punchline: they "always get fondled by old people." It's funny because it's unexpected and a bit icky, especially if you are some weirdo that fondles Leonardo DiCaprio or newspapers.
Darkest Of The Humor
I haven't an Idea who Leo is, but this made me chuckle.