Little Johnny was all set to start grade three. On his first day, Little Johnny's dad insisted on taking him inside to meet with the teacher.
Once there, Johnny's dad took the teacher aside and said, "Mrs. Velasquez, I'm Johnny's father. I want to warn you in advance that Johnny has a gambling problem. He will try to bet on anything he can whenever he can. I need your help to try and stop him from doing this." Mrs. Velasquez agrees and Johnny's father leaves.
At lunch time, Johnny goes up to her and says, "Mrs. Velasquez, I'll bet you $50 that I can guess what colour your panties are. They're pink." The teacher is taken aback but figures that since she is wearing a solid black skirt, it's an easy bet to win. She tells Johnny to hang back after school.
Near the end of the school day, the principal comes to the classroom door and Mrs. Velasquez goes to speak to him. After he leaves, she slips into the coat closet and removes her pink panties and returns to the class.
After the final bell, Johnny is waiting at his desk. Mrs. Velasquez walks over to him and tells Johnny that he owes her $50 because her panties aren't pink. She takes Johnny over to the coat closet and lifts her skirt to show him that she didn't have pink panties - she didn't have anything on at all! Johnny agrees to pay her the $50 tomorrow.
Johnny walks outside to get his ride home and Mrs. Velasquez follows him out. Johnny's father gets out of the car and she asks if she can speak to him.
"Mr. Eldon, I think I've cured Johnny of his gambling problem. Don't be mad, but he bet me $50 that he could guess the colour of my panties and he was wrong. I wasn't wearing any. Now he owes me."
"Damn it!", Johnny's father says.
"What's the matter?"
"That little bastard bet me $100 today that he'd get the teacher to show him her pussy on the first day!"
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