The sentence is unpunctuated and uses three different readings of the word "buffalo". In order of their first use, these are:
- The city of Buffalo, New York.
- The animal "buffalo", that is, an American Bison,white buffalo, or African buffalo. It is used in the plural (equivalent to "buffaloes").
- The "buffalo", meaning to confuse, deceive, or intimidate
Marking each "buffalo" with its use as numbered above gives:
- Buffalo1 buffalo2 Buffalo1 buffalo2 buffalo3 buffalo3 Buffalo1 buffalo2.