This article reviews one of the small forms of folklore – anecdote and, more specifically, ethno-anecdote (ethnic joke) as a way of reflecting national specifics, national colour, a form of expression of the most characteristic features of the mentality and way of life of a certain people, nation, social group. Based on texts of anecdotes that are most typical and widespread in the area of the Slavic Balkans, the characteristics of representatives of the so-called “Serbo-Croatian dialect continuum” are explored. Nationalspecific qualities reflected in ethnic jokes and stereotypes are discussed. It is concluded that ethnic jokes, as a special thematic kind of anecdote, contain, among other things, important extralinguistic information and can become an objective source when studying the ethnolinguistic and culturological characteristics of a particular country and its inhabitants.