In the first act of William Shakespeare’s The Merchant of Venice , the Jewish moneylender Shylock proposes a “merry sport” to the merchant Antonio: he will lend Antonio the money he needs if Antonio agrees to let Shylock take a pound of his flesh should he default. Shylock calls this contract a “merry bond,” and Shakespeare’s First Folio calls the play a comedy. But what does Shylock want from the bond, and how merry does the play ultimately prove?