this is a WSU vs. UW joke.
So one year WSU and UW had tied in football, basketball, pretty much all sports in which they played against eachother. So they had a sort of playoff festival over in eastern washington, about halfway between the two schools. They did stuff like potato sack racing, water balloon toss...but the teams would tie in everything!
Finally they said, we're going to have a literary, poetry contest.
Well the UW is all stoked 'cause they're the intellectuals, and they're pretty much convinced they have it in the bag.
The announcer says "you must come up with a poem, that incorporates the word Timbuktu"
So the UW huddles around eachother, and they all cheer when they think they've come up with the winning poem. their representative steps forward and begins:
..."or the ocean waves we sailed,
amongst hues of red, white, and blue
until we landed upon the shores
of our destination, Timbuktu"...
the UW fans all cheer.
Then the announcer says, "WSU, were you able to come up with something?"...one of the drunk WSU students steps forward and says:
"Tim and I a camping we went
we got three UW chicks in our tent
since they were 3, and we were 2
I bucked one, and Tim bucked two."