"Lake" where there is no water.
The "Needles" you cannot thread.
"Ryde" where you walk.
"Cowes" you cannot milk.
"Freshwater" you cannot drink.
"Newport" you cannot bottle.
"Winkle street" where there are no Winkles
"Newtown" which is very old
All places on the isle of wight, is about as good as it gets here
Apparently it's a myth and the sign was photoshopped but there is a Cocking in Sussex and there is also a Condom in France and Japan has 'nipped' into the lead with a place called Gofuku