Transcript:
You already have the trip to the Bahamas. What do you want to do? I'll take what's behind door number two, Monty! I'll bet it's something really cool. Jay Stewart, tell him what he's won. An authentic circus clown bicycle! Honk! Honk! Told you!
I thought contestants weren’t allowed to actually keep the silly prizes.
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Nope, I was wrong. Here’s what Wikipedia says:
Though usually considered joke prizes, contestants legally won the zonks.[4] However, after the taping of the show, any contestant who had been zonked would be offered a consolation prize instead of having to take home the actual zonk. This is partly because some of the zonks were intrinsically impossible to receive or deliver to the contestants. For example, if a contestant won an animal, he or she could legally insist that it be awarded to them, but chances are that the contestant did not have the means to care for it. In fact, a disclaimer at the end of the credits of later 1970s episodes read “Some traders accept reasonable duplicates of zonk prizes.”