Show Business: Watergate Wit

Though the Watergate revelations grow grimmer each week, nightclub audiences these days must be getting the impression that the debacle is the world's funniest subject. Comics across the country are milking Watergate for every plausible or implausible laugh that it is worth. At least a dozen records and albums featuring Watergate humor have already been released, and countless funnymen have built acts around the scandal.

At the Shoreham Hotel in Washington, D.C., Satirists Mark Russell and David Frye have packed in crowds of Washingtonians, Republicans and Democrats alike. "CIA now stands for Caught...

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