Mostly told by elementary school students. The joke is that if someone spells "ICup", they sound like they are confessing to watching someone pee.
I C(See) U(You) Pee.
Person A: Hey spell 'ICup.'
Person B: Why?
Person A: Just do it. It'll be fun!
Person B: Okay then.
Person B: I C U P.
Person A: Oh my fucking god! You watch me pee? Fucking pervert!
Person B: What?
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