It was Freud's belief that while jokes and dreams have much in common, the comic elements that appear in dreams are not truly funny: unlike “real” jokes, they leave us cold. What, then, are we to make of the appearance in a dream of a well constructed joke that would produce laughter in and of itself even beyond the context of the dream? Such an example is cited and the reasons for the rarity of the phenomenon, as well as its multiple meanings, are explored.