The ambiguity resulting from the conjunction of black and gold is akin to the distraction caused by optical  Lehrer's phrase is both literally correct and literally nonsense.
( ( The ( ( ( ambiguity ( resulting ( from ( ( the conjunction ) ( of black ) ) ) ) ) and ) ( gold ( is ( akin ( to ( ( the distraction ) ( caused ( by ( ( optical ( Lehrer 's ) ) phrase ) ) ) ) ) ) ) ) ) ) ( ( is ( both ( ( ( literally correct ) and ) ( literally nonsense ) ) ) ) . ) )
(ROOT (S (NP (DT The) (NX (NX (NN ambiguity) (S (VP (VBG resulting) (PP (IN from) (NP (NP (DT the) (NN conjunction)) (PP (IN of) (NP (JJ black)))))))) (CC and) (NX (NP (NN gold)) (VP (VBZ is) (ADJP (JJ akin) (PP (TO to) (NP (NP (DT the) (NN distraction)) (VP (VBN caused) (PP (IN by) (NP (NP (JJ optical) (NNP Lehrer) (POS 's)) (NN phrase))))))))))) (VP (VBZ is) (ADJP (DT both) (ADJP (ADVP (RB literally)) (JJ correct)) (CC and) (ADJP (ADVP (RB literally)) (JJ nonsense)))) (. .)))
The conjunction of black and gold is clear cut.
( ( ( The conjunction ) ( of ( ( black and ) gold ) ) ) ( ( is ( clear cut ) ) . ) )
(ROOT (S (NP (NP (DT The) (NN conjunction)) (PP (IN of) (NP (JJ black) (CC and) (JJ gold)))) (VP (VBZ is) (NP (JJ clear) (NN cut))) (. .)))