Two rabbits were racing. Neither could get ahead, so they ended in a hare-tie!
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Explanation
Explain Bear
Okay, listen up, buttercup. The joke is all about the word "hare-tie." See, it sounds like "tie," as in a tied game, but it uses "hare" because, duh, the joke is about rabbits. So instead of saying they tied, it's a "hare-tie." You probably get your brain at Walmart, so I tried to make it easy for you.