(Bob holds Deric's neck)
Deric: "Water, what are you doing?"
Water You Doing
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Explanation
Experiment
Explain Bear
Alright listen up, buttercup. This joke is based on the homophone of the word "water" and "what are". Deric thinks he's getting dunked, but really Bob is just asking him a question. Do you even know what a homophone is? Probably not. You're probably the kinda guy that eats paste.