Jim Dixon and fat B****rd,
I don't know if Abbott & Costello did it first, but on an episode of The Honeymooners, in the 1950s, Ed Norton was going to be in a play and was rehearsing his lines, with Ralph Cramden coaching him.   Norton, playing a character who was rich, recited one line about all his material posessions, such as "... my yacht, my mansions, my jewels, my string of polLOPanees.. ." Whereupon Ralph, after having Norton repeat the line a couple times and still totally baffled, grabbed the script, read the line, and screamed, "That's POLO ponies, you idiot!" (Slight paraphrasing.)

I've also heard the paganini line on a comedy skit quite a while back too.

Reminds me of the story of the Italian-American guy who told his friend he knew who the sexiest woman in the world was. No, not Sophia Loren, not Raquel Welch, not Angelina Jolie (pick a sex symbol from your generation), but "Georgia Pippileenay." When asked who the heck she was and why he thought she was the sexiest woman in the world, he pointed to a newspaper headline that read:

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GEORGIA PIPELINE LAID BY 1000 MEN IN 1 WEEK