One would have to say "in the end everything is a gag, etc" because everything is infinitely more than just a gag. The same applies to other "is"-statements such as "Laughter is an instant vacation"
Alfred KorzybskiThese 'philosophers', etc., seem unaware, to give a specific example, that by teaching and preaching 'identity', which is empirically non-existent in this actual world, they are neurologically training future generations in the pathological identifications found in the 'mentally' ill or maladjusted.
Alfred Korzybski