This is not the finished drawing of the cartoon as it appeared in print. It is an earlier version from my files. I don’t have a copy of the final drawing, nor do I have a tearsheet of the printed cartoon. But I do know that King Features Syndicate published it as a “Laff-A-Day” panel sometime in 1967.
Explanation: The word “collateral” has a special meaning in the advertising agency world. To quote from a source on Google: “Collateral is the collection of media used to support sales of a product or service. It differs from advertising in that it is used later in the sales cycle. Common examples include: sales brochures and other printed product information, posters and signs, visual aids in sales presentations, web content, sales scripts and demonstration scripts.”
So this adman, or as we would call him today, Madman, is looking for a loan and he has brought along his “collateral”. Yes, I agree it's an awful pun, but I thought it worked as a gag, and apparently so did the editors at Advertising Age back in 1983.
End of Lesson Number 1 in today's Advertising 101 class.
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