Amy Schumer Tells Another Joke That Wasn't Allowed At the Oscars

Amy Schumer is opening her comedy vault -- she just laid out another joke that Oscars honchos apparently said no to ... and this one's on video.

The comedian revealed her latest axed bit during a set for the 'Netflix Is a Joke' festival going on right now -- and at one point in her performance, she laid out what exactly it was that showrunners weren't really feeling from AS's pitched material.

Watch ... it's a gag that incorporates a bunch of the nominated films to make a sex joke about her husband. You can watch it for yourself -- we'll just say, it ends in pregnancy.

Whether it was funny or not ... well, that sorta depends on who you're asking, it seems. The joke seemed to land well for the live audience that received it -- they were laughing it up when she delivered it -- but if you go peep how folks online are taking it ... it ain't good.

This harkens back to last month when Amy revealed yet another joke she claims was scrapped ... which was about Alec Baldwin, something most folks didn't see much humor in.

The Baldwin joke wasn't caught on tape -- she talked about it during a stand-up show of hers in Vegas, where people's phones were locked away ... but it was reported on nonetheless. Whether any of these jokes were actually on the table is also anyone's guess.

She could just be making these up now/working them into her current set ... who knows. Either way, what did end up making it into her monologue that night worked extremely well. You'll recall ... she roasted everybody under the sun and got a great response at the time.