Well, "You have two cows" is a form of political satire on various political, economic, etc. systems. The setup of a typical joke of this kind is the assumption that the listener lives within a given system and has two cows.
And now, I will suggest what is like in MGE universe.
Demon Lord Army
- You have two cows
- You change all cows into Sexy girl
- You reproduce cows with yourself. But then no more ox.
- You stole ox from neightbour. And ox run out again. Repeat.
The Order of Chief God
- You have two cows.
- Your cows turn into Sexy girl
- You take a sword and stab those girls. Saying they're Harmful.
- In the end, you were raped by cow.
Zipangu
- You have two cows.
- Your cow turn into sexy girl.
- You live in harmony with cow. Even though there's few don't like.
Wonderland
- You have two cows.
- Your motger turn cows into sexy girl.
- You still not satified. So, you turn a cow even more sexier and hornier.
- You build a boundary world to store your cow.
- Somehow Yukari Yakumo came to you and want a collabolation.