It's not so much a "punchline" as it is a total non sequitur.  I like how he's trying to brag, but all he can come with is how many socks he has.  (and Bill begins laughing again!)
--Bill the Splut Mon, 26 May 2008 15:05:56 -0400
It's absolutely a punchline, but one that only works in the context of its own repetition. 
Truly one of the classic non-comebacks.
--Kirk Mon, 26 May 2008 19:03:41 -0400