The very terms “_Bierschwefel_” and “_Kneipzeitung_” are proof that the reason which has stifled the pleasure in nonsense has become so powerful that not even temporarily can it be abandoned without toxic agency. The change in the state of mind is the most valuable thing that alcohol offers man, and that is the reason why this “poison” is not equally indispensable for all people. The hilarious humor, whether due to endogenous origin or whether produced toxically, weakens the inhibiting forces among which is reason and thus again makes accessible pleasure-sources which are burdened by suppression. It is very instructive to see how the demand made upon wit sinks with the rise in spirits. The latter actually replace wit, just as wit must make an effort to replace the mental state in which the otherwise inhibited pleasure possibilities (pleasure in nonsense among the rest) assert themselves. “With little wit and much comfort.” Under the influence of alcohol the adult again becomes a child who derives pleasure from the free disposal of his mental stream without being restricted by the pressure of logic. We hope we have shown that the technique of absurdity in wit corresponds to a source of pleasure. We need hardly repeat that this pleasure results from the economy of psychic expenditure or alleviation from the pressure of reason. On reviewing again the wit-technique classified under three headings we notice that the first and last of these groups—the replacement of object-association by word-association, and the use of absurdity as a restorer of old liberties and as a relief from the pressure of intellectual upbringing—can be taken collectively. Psychic relief may in a way be compared to economy, which constitutes the technique of the second group. Alleviation of the already existing psychic expenditure, and economy in the yet to be offered psychic expenditure, are two principles from which all techniques of wit and with them all pleasure in these techniques can be deduced. The two forms of the technique and the resultant pleasures correspond more or less in general to the division of wit into word- and thought-witticisms. _Play and Jest_