(it's got bells on) Exclam. You are joking aren't you? Used to express a suspicion that one is being tricked or teased. E.g."I drove round the corner and there was a pink elephant in the middle of the road." "Yeah sure, pull the other one!" {Informal}
PULL THE OTHER ONE
Meaning of PULL THE OTHER ONE in English
Slang English vocab. Английский сленговый словарь. 2012