She’s saying: “Thanks. It reminds me of your little cock (giggle).”
Apparently the artwork was also available on
packs of cigarettes too.
This was a “real life” model for Lucky Strike.
Wish I had talent and could draw like this.
Sexy cigarette advertising carried on well into “Dr. Andy’s” lifetime. It’s amazing I never fell for it...
“Joe Camel” ad early to mid 90’s. When I was in grade school we were given “Say NO to Cancer Joe” buttons as part of a national anti-smoking campaign.
(Still have my “NO” button somewhere. From ‘92 or ‘93. Didn’t notice this before but that looks like a young “Dr. Andy” in the ad above. You know, the one featuring my sex-crazed cheerleader. And I learned it was from 1950. So she would be about the age of my... grandmother? 
She’s saying: “Andy. Stop jerking off all the time! Christ. No wonder you’re still a virgin.” 
)