The sentence is unpunctuated and uses three different readings of the word "buffalo". These are:
- the city of Buffalo, New York
- the animal buffalo, in the plural (equivalent to "buffaloes" or "buffalos")
- the verb "buffalo" meaning to bully, confuse, deceive, or intimidate.
THE buffalo FROM Buffalo WHO ARE buffaloed BY buffalo FROM Buffalo ALSO buffalo THE buffalo FROM Buffalo.
[OR] Bison from Buffalo, New York, who are intimidated by other bison in their community also intimidate other bison in their own community.