III

Pan+cake≈pancake

Red+dish≠reddish

Look+out=lookout

Neck+line≈neckline

Sea+son≠season

New+born=newborn

Rain+bow≈rainbow

House+wife≠housewife

End+less=endless

Newborn+season=spring

Lookout+housewife=courting

Reddish+neckline=sunburn

Pancake+rainbow=love

Endless-endless=endless

Spring is the season

of endless love, courting,

and, more and more frequently, sunburn.

II

Gold+fish=goldfish

Book+keeper=bookkeeper

Under+wear≈underwear

Subscript+ion≠subscription

Sand+paper=sandpaper

High+way≈highway

Wave+ring≠wavering

Note+book=notebook

Cart+wheel≈cartwheel

Under+mine≠undermine

Goldfish+highway=current

Bookkeeper+wavering=audit

Underwear+notebook=insanity

Subscription=cartwheel

Sandpaper+undermine=slivers

An audit of current records show

insanity is caused more by

cartwheels than slivers.