No, that's just homonyms. Fallacious equivocation is more like my trying to convince you logically that a piece of writing paper is a lazy dog.

Observe:
1) A piece of writing paper is an ink-lined plane;
2) An inclined plane is a slope up; and
3) A slow pup is a lazy dog.

Q. E. D.! In a manner of speaking.

P.S. I know, I know, it wasn't funny in 1948 when I heard it the first time, either...