Ok, I'll start this one off: http://www.youtube.com/watch?v=biFPi0rSgaA (it's in good fun, Mods, lighten up!)
This is a real ad from KFC in Australia that just started airing. "What do you do when surrounded by black people? Give them a bucket of chicken!" http://www.youtube.com/watch?v=frpGRQSKAaA
Did you hear about the new Italian snow tire? Dago through snow, dago through mud, and dago through water. And when dago flat, dago wop-wop-wop-wop-wop.
I saw a Taco Bell commercial/poster while in Australia that had a small Hispanic guy in a bull fighting costume being held up by the collar by some surfer looking dude, with the tag line "fancy a little Mexican?" I can't find a video link.
Not racist, but it's funny: [video=youtube;HxLSqHXlTY8]http://www.youtube.com/watch?v=HxLSqHXlTY8[/video]
You do realize that they're soccer/rugby/footy fans, and he's sitting among the fans of the opposing team, right?
Ill see your 13 and raise you 15 [video=youtube;ctrLrhrXB1M]http://www.youtube.com/watch?v=ctrLrhrXB1M[/video]
[video=youtube;ZHpXDF0iBuw]http://www.youtube.com/watch?v=ZHpXDF0iBuw[/video] There's four more parts to it (look at related videos). I suggest you get on http://www.vidtomp3.com/ download the mp3 files, and podcast the suckers. Well worth it.