The text is a play on the computer science acronym 'ABRF' which stands for Abort, Retry, Fail, but adds a humorous twist by suggesting 'Grab Hammer' as a final, non-standard option, implying physical action against a malfunctioning computer. It does not rely on different meanings of a single word or similar sounding words.
( A ) bort , ( R ) etry , ( F ) ail , ( G ) rab _ Hammer