I always thought it was pronounced 'jif'!

Two cartoon peanuts wave goodbye as one says 'DON'T WORRY KIDS, I'LL BE BACK IN A JIF!' The next panel shows them crying beside a Jif peanut butter jar, with one peanut sporting a mustache. The joke is that the parent peanut is literally going to become peanut butter, leaving the kids heartbroken.

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