Here's mine, slightly edited for grammatic accuracy:

Quote Originally Posted by that dumb Madlib site
Rye woke up with a start, sweating from a crazy dream. They were searching for a 12-year-old girl's panties, which was rumored to be located at the old geezer's house. Lucky for Rye, they had recruited the help of Flying Mullet and sephirothishere as they both had experience breathing. Rye grabbed their trusty n00b then tossed Flying Mullet a gigantic wooden stake and sephirothishere a leper.

Our chunky group of adventurers set off for the old geezer's house with a rousing cry of "It burns when I pee!" On the way Flying Mullet fell, injuring their third chin. sephirothishere told Flying Mullet they should ride on the feral cat that they brought to carry their supplies, but Flying Mullet ate too much escargo before they left and was afraid they would get sick. So Rye and sephirothishere left Flying Mullet with a TV(Hey, this is a dream, remember?) so they could watch Dora the Explorer while they waited at a rat hole.

After a long trek, Rye and sephirothishere finally arrived at the old geezer's house, which is located in Lower Asscrackylvania. Upon entering the old geezer's house, Rye and sephirothishere found themselves in the Honey Bucket, where The Unknown Guru, master of all forum denizens was eating a really, really, really, really, REALLY ugly Fudgesicle. Rye asked The Unknown Guru, master of all forum denizens where they could find the 12-year-old girl's panties. The Unknown Guru, master of all forum denizens took a drink of their glycerin, exposed himself, and pointed to the left. So Rye and sephirothishere continued into the next room, where they found Ouch! and their pet magic dragon guarding the 12-year-old girl's panties with a penguin. Rye lept into action at once, crying out "I DO THE HAMMERLOCK!" and swinging their n00b at Ouch!'s third chin. And that's when Rye awoke. Did they win? Did Flying Mullet ever make it back home? Does The Unknown Guru, master of all forum denizens's mother know they exposed himself? Now no one will ever know...
Damn, I got hosed.