This article is from the Puzzles FAQ, by Chris Cole chris@questrel.questrel.com and Matthew Daly mwdaly@pobox.com with numerous contributions by others.
What does "FUNEX" mean?
language/english/pronunciation/phonetic.letters.s
FUNEX? (Have you any eggs?)
SVFX. (Yes, we have eggs.)
FUNEM? (Have you any ham?)
SVFM. (Yes, we have ham.)
FUMNX? (Have you ham and eggs?)
S,S:VFM,VFX,VFMNX! (Yes, yes: we have ham, we have eggs, we have ham and eggs!)
CD ED BD DUCKS? (See the itty bitty ducks?)
MR NOT DUCKS! (Them are not ducks!)
OSAR, CDEDBD WINGS? (Oh yes they are, see the itty bitty wings?)
LILB MR DUCKS! (Well I'll be, them are ducks!)
In Spanish:
SOCKS. (Eso si que es.)
 
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