The text plays on the dual meaning of the word 'tax'. It refers to both the additional charge applied to the sale of goods and services, and it humorously implies a 'tax' related to Bill Clinton, possibly alluding to a political scandal or policy associated with him. The joke hinges on the unexpected and humorous connection between the cost of the watch and the concept of 'tax' in the context of Clinton.
Seen the new Clinton watch ? Only $ 5 . 95 . $ 54 . 95 with tax .