The arrival of refugee and migrant populations in Europe, especially since 2015, has resulted in the (re)production and entrenchment of various attitudes, views, practices towards them, ranging from anti-racist and humanitarian ones to racist and xenophobic ones. These attitudes are also reflected in humorous texts, which project “serious” aspects of social reality through an amusing and seemingly innocuous way. In this article, drawing upon the General Theory of Verbal Humor (Attardo 1994, 2001) and Fairclough’s critical approach (1989, 1992), we analyze jokes concerning migrant and refugee issues. We argue that racist discourse against “foreigners” is not only overtly promoted via hate speech, but also indirectly appears in jokes that (superficially) seem to reinforce anti-racist discourse. Through the analysis, we detect a modern and more subtle kind of racism, i.e. liquid racism (Weaver 2016), which emerges from the (seemingly) anti-racist jokes either through the deprecation of the “Other” or through his/her assimilation.