Okay, so there's a club-footed midget mexican with a lisp who goes to buy a horse. The owner says "Hello sir, what would you like to see?". The buyer says "Let me see it's pheets." So the owner shows the man the horse's hooves. "Okay, okay. Let me see it's teefs." The owner shows the man the horse's teeth. "Okay. Now let me see it's twat." "Umm..Okay." So the owner shows the man the horse's twat. "No, no, no, no. I mean it's TWAT!" He holds his hands in front of him like reins and moves them up and down. So the owner shows the man the horse's trot.
Kinda inappropriate, and way funnier in person.