I’d tell you a secret about peanut butter, but you might spread it.
Peanut Butter Secret
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Explanation
Experiment
Explain Bear
Listen here, you chucklehead. The joke is a pun. "Spread it" refers to the action of spreading peanut butter on something, but it also alludes to the act of spreading a secret. Get it? You're so dumb that you probably can't spread butter.