Sardarji and Watch

There was a Sardaji who was having a party at the terrace of his building.

While looking down from the building his watch slipped and started falling down. He started running down the staircase.

On the way he saw some guests coming up. They asked him, 'Why are you running so fast?'

Sardarji says, 'My watch fell from the terrace!'

Guest says 'So why are you running? It must have broken by now!'

Sardarji replies 'no, it is 2 minutes late'