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A pun based, or pun filled conversation, either intentional or unintentional.
Person 1: "Hey, did you hear that Jim got electrocuted by his light switch?"

Person 2: "Wow, watt a tragedy!"

Person 1: "His family was really shocked by it."

Person 2: "Will the electrician be going to circuit court?"

Person 1: "This is a terrible Punversation..."
by ElChivo April 19, 2012
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