I said in my last Neil Gaiman review that Gaiman understands story better than anyone else on the planet. As further proof, I offer you Fortunately, The Milk.
It's really, really funny. And, it has aliens, pirates, dinosaurs, volcanoes, time-travel (well, obviously, otherwise how could you have pirates and dinosaurs in the same book? This book does follow all the rules.) piranhas, big red buttons, coconuts, Floaty-Ball-Person-Carriers, ponies, um, I may have missed a few things, but Gaiman definitely didn't. It has it all! And milk. And where there is milk, there is hope, said the stegosaurus.
The illustrations are delightful, and perfect (my edition is illustrated by Skottie Young). The characters are spot on--his family dynamics may be a bit stereotyped, but it's because they're true. All the stereotypes are slyly self-referential--jokes of themselves that kids will enjoy getting. Also some popular culture jokes that older kids and adults will enjoy getting. (The Usual Suspects, anyone?)
This would make a great read-aloud--that's what it is, a bedtime story made up on the spot by a parent. If you can manage without becoming hysterical (always my problem when I try to read funny things out loud).
This one is your favourite breakfast cereal, with milk. Obviously.
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