Trivia: The film's numerous billboards of the Fairy Godmother in suggestive poses are a parody of the ubiquitous Hollywood persona Angelyne, a self-described "billboard self-promoter" who recently ran for Governor of California in 2003.
Trivia: When Gingy, the pigs, the wolf, and the other fairy tale characters are watching TV, they are watching "KNIGHTS", where they see Shrek getting arrested. For viewers who don't know, that TV program is a direct parody of "COPS", an American documentary TV series that follows on-duty police officers.
Trivia: This was the first animated sequel to be nominated for the Academy Award for Best Animated Feature.
Trivia: Throughout the movie, there are hints that King Harold is actually a frog. When Lillian is reading a book, she mentions how they had their first kiss at a lily pond. Which is a place where frogs live, and her bedroom has a bunch of lily pads on the walls. And then at the first scene at the bar when King Harold is looking for Puss in Boots, there is a frog who says, "Do I know you?"
Trivia: The three leads in the movie were paid $10 million each, while in the previous movie they were paid $350,000 each.
Answer: The gag is that the wolf has developed a peculiar sexual fetish: he wears women's clothing for fun and is attracted to pigs. The magazine was changed for the trailer to be less suggestive (and thus to make the trailer G-rated).