Mark Liberman has a funny post at the Log, quoting “FLM”:
A colleague (who has requested anonymity) and I have developed a fondness for perfectly innocuous words which, to the linguistically unwashed masses, sound sexual. My colleague’s example sentence is
Because her husband was intestate, she sought to dilate her fungible assets; despite cunctation for titivating, she managed to masticate and lucubrate far into the night.
A website of possible interest: Chuck Lorre Productions — words that confuse the CBS censor …
There is more amusement in the comment thread (“Not only is my opponent a thespian, but she has actually performed the act on stage in front of paying customers!”).