[q] explain this joke: Two guys meet in the streets of Israel

https://www.youtube.com/watch?v=ORNFrV0CQ2A#t=459

Two guys meet in the streets of Israel, one says to the other,

A: "Don't I know you, aren't you from New York?".

B: "I certainly am"

A: "what's your name?".

B: "Israeli". (?)

A: "what's Israeli doing in Tel Aviv?".

B: "I'm living the life of (?)cone(?)?"

...?

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