That's an example of lexical ambiguity. You can have a lot of fun with lexical ambiguity, especially with polysemous words, e.g. "John and his driver's license

That's an example of lexical ambiguity. You can have a lot of fun with lexical ambiguity, especially with polysemous words, e.g. "John and his driver's license expired last week." (This particular kind is an example of a zeugma.)