(Add your own pre-disabused notions at the top of the list.)
"Dilute to taste" meant that it wouldn't taste of anything until you added water. This struck me a ludicrous at the time, but I assumed it was just the companies being weird. Or that it was an instruction that you shouldn't try tasting until you'd diluted it (or bad things might happen).
Kiwi fruits were eggs laid by kiwi birds
SitCom? meant "sitting comedy" (as a complement to "stand-up comedy") --B (It actually means "situation comedy")
I know someone who pronounced "Fatigue" as "Fatty-goo" for a long while... --Vitenka
On the subject of pronounciation, paradigm was para-dij-em and pseudonym was sway-doe-nym for quite a while until embarrasingly corrected. Fortunately now I can just claim any mispronounciations are just the English way of saying it and get away with it... --K
My Mother-in-Law pronounces baguette as bag-you-ate --Garbled
IUsedToThinkThat people would line up outside the BBC studios every evening at 5 o'clock, and the smartest-dressed one would get to read the 6 o'clock news that day. I think my dad told me this, although he denies it... --M-A
The fourth of the ThreeMusketeers? was actually called Dogtanian...
...and the main character of AroundTheWorldInEightyDays? was called "Willy Fog". "Phileas" is too tough for children, don'tcha know.
LionelRichie? (and numerous cover artists) were singing "My knees are like Sunday morning".
That's one of the better mishearings I have heard of. --Vitenka (Rathergood's butcher song is nice, too.)
Oh, please let's have a whole ToothyWiki MisheardSongLyrics? page. I have loads at home, which I can paste in tonight. --Rachael
You might find [this site] interesting, then. Although possibly not very. --CH