GLUGGLE!

UNDERWATER! (1955)
dir: John Sturges

GLUGGLE!
MAD #24, July 1955
w: Harvey Kurtzman
a: Wallace Wood

Here's one from the first magazine issue, before Al Feldstein took over as editor and they developed a formula, and their movie parodies evolved into in strip form again. Before that, when Kurtzman was editor, they were reviews or spreads (click on 'Harvey Kurtzman' in sidebar), or in this case a parody of an ad, since their goal was more to look like a magazine than look like a comic.

Underwater! was about a search for buried trasure and, as the poster parody implies, a way to show Jane Russell in a swimsuit.