We almost drowned when we went out boating, but I got a watermelon to keep me floating.
Watermelon Saves the Day
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Explanation
Explain Bear
Listen up, buttercup. This joke is all about wordplay, see? The joke teller almost "drowned" (meaning sinking in water and dying), but because they had a watermelon, it kept them "floating" (staying on top of the water). It's a play on words, because a watermelon is something that floats! And you, my friend, probably sink in a pool.