Because it's the 4th of July, I'm thinking of the Hal Linden episode of TMS (because Statler and Waldorf were running the show and had a production number that inadvertently mixed up the 4th of July and Christmas) and remembering one of my favourite Gonzo lines from that fifth-season episode...
It comes just after Hal Linden and Robin sing this lovely, tender little song along the lines of "If I Ruled The World." Cue applause; then cue Gonzo (complete with his trademark "WHOMP!" entrance sound-effect): "If *I* ruled the world, CLOTHING would be EDIBLE!" Exit Gonzo, running offstage, cackling maniacally as only Gonzo can.
I don't know if the Muppet writers slipped that in as a double-entendre, but it's funny as all get-out no matter how you slice it.