Today’s Mother Goose and Grimm:
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Without a piece of cultural background, this is just a silly story about a polar bear opening a bar in the Klondike. If you have that background, it’s a bit of language play turning on the ambiguity of Klondike bar.
From Wikipedia:
Klondike is a brand name for a dessert generally consisting of a vanilla ice cream square coated with a thin layer of chocolate, often known as a Klondike bar.
The Klondike bar was created by the Isaly Dairy Company of Mansfield, Ohio in the early 1920s and named after the Klondike River of Yukon, Canada. Rights to the name were eventually sold to Good Humor-Breyers, part of Unilever. It is known for its jingle slogan, “What would you do for a Klondike Bar?”.
The confection:
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You can view one of the many “What would you do for a Klondike bar?” ads (from 1983) here.
The slogan has been the source of humor (beyond the ads themselves), for instance, in this e-card:
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