I guess I've always figured that the whole "NOT! joke" phenomenon originated with the characters on SNL's Wayne's World; but if you haven't already, check out the Penguin's line in the panel above. I just noticed this in a reprint of Batman #25... which came out in 1944!
Believe It --OR NOT!
(It also seems that Batman and Robin invented Rap Music in the same panel!)
This panel literally brought tears to my eyes. Best rap ever.
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