Algaesus

Algae.
Jesus.
Algaesus.

Doesn't so much WALK on water as float on top of it.

(The dead-then-returned-to-life-man's float.)

Reincarnate.
Naturally.
Reincarnaturally.

Skunkosher

Skunk.
Unkosher.
Skunkosher.

I don't know if any religions outlaw the eating of this animal, but they probably don't have to.

Pepe Le Pew.
Putrid.
Pepe Le Pewtrid.

Porcupineapple

Porcupine.
Pineapple.
Porcupineapple.

Fruit that can relax because of its natural defense system against predators.

Tranquil.
Quilled.
Tranquilled.

Paypalestine

Paypal.
Palestine.
Paypalestine.

An independent state, if enough people donate.

Donate.
National.
Donational.

Laboredom

Labor.
Boredom.
Laboredom.

A whole day without work to celebrate not having to work?

What if you like your work?

Then this day is a punishment.

Surprise.
Prison.
Surprison.

Lazeye

Lazy.
Eye.
Lazeye.

A lazier way to say it.

Goddamn.
Amblyopia.
Goddamblyopia.