Sailor's chant you cut short — very funny (2-2-2)

I believe the answer is:

yo-ho-ho

'sailor's chant' is the definition.
(chant used by sailors)

'you cut short very funny' is the wordplay.
'cut short' means to remove the last letter.
'very funny' becomes 'ho-ho' ('ho-ho' expresses laughter).
'you' with its final letter removed is 'yo'.
'yo'+'hoho'='YO-HO-HO'

(Another definition for yo-ho-ho that I've seen is " Old sailors' chant (accompanied by a bottle of rum?)".)

I've seen this clue in The Guardian.

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