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Rob D.Leon, thanks for the explanation. My post was more along these lines:
Kramer: Anyway, it's been two years. I mean isn't there like statue of limitations on that?
Jerry: Statute.
Kramer: What?
Jerry: Statute of limitations. It's not a statue.
Kramer: No, statue.
Jerry: Fine, it's a sculpture of limitations.
Kramer: Just wait a minute...Elaine, Elaine! Now you're smart, is it statue or statute of limitations?
Elaine: Statute.
Kramer: Oh, I really think you're wrong.