Percy, who’s Queen?

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Percy and Queen Elizabeth are playing frisbee
Lord Percy: Catches the frisbee Howzat!
Queen Elizabeth: Percy, who's Queen?
Lord Percy: Drops Frisbee Butterfingers!

Frisbee as a metaphor for sovereign immunity

The very worst reason for agreeing to a counterparty’s demand, but one which is all too often the chief motivating factor, particularly of Sales and their glad-handing lightweight counterparts in senior relationship management

See also