Okay KJV is King James Version of the bible and NIV is the New International Version. They are different translations of the Christian Bible.
The stripes thing is that in the King James Version of the bible it says
By His stripes we are healed. Meaning the punishment he took through his flogging and crucifixion. So by his sheading of blood we are healed but its just odd to hear it saying by his stripes in todays language as we would never use that paralel for anyone else.
So the joke is Jesus is a Zebra or Referee or some other stripped animal lol