Dad, what is the difference?

An eleven year old boy comes home from school and tells his Dad, "Dad, I keep hearing the boys at school use the bad words Pussy and Cunt but I don't know what the difference is."
Dad: "Go get that Penthouse magazine in my nightstand and I'll show you."
The boy runs off to get the magazine and returns breathless.
Dad: Opens the magazine to a picture of a nude woman lying on a bed and draws a circle around the Pussy with his pen. "Son, you see that circle? Everything inside that circle is the Pussy."
Son: "So what is a Cunt then?"
Dad: "Everything outside the circle."

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