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It's an old one by now, well-known to grizzled veterans of this forum, but for everyone else, check out this link:
French Military Workout
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I'm a grizzled veteran of Monty Python's Flying Circus and I think this clip is taken from one of their skits. It's not originally an anti-French joke. Some web guy probably posted it up as such.
And the limp-wrist "joke" is a little tired.