This is a beautiful comedy routine that plays well for both regular shows, and also for MC work.
You explain to your audience that you have a friend that likes to experiment with crossing different species of birds.
You show the first picture and say, "first of all he crossed a pheasant with a goose and he caled it a Phoose."
Turn over the first picture and show the word Phoose.
Then you show the next picture and say, "then he crossed a pheasant with a hen and caled it a Phen."
Turn over the second picture and show the word Phen.
Then you show the third picture and say, "then he crossed a pheasant with a fuck."
Pause here for effect as the audience will start to laugh and preassume that you are going to use a bad word.
Then you say " but he like this one so much he called it Freddy!"
Turn over the third picture and reveal the word Freddy.
Enjoy your audience's delight applause!