A submariner's favorite is taping. This requires a few sailors to take a guy out and ambush him, then use a roll or two of duct tape to secure him in the oddest of places and positions.
There are so many more. Most of the jokes are pretty vulgar. It's a good thing women aren't allowed to serve on submarines because they would most likely be highly offended, thus putting a damper on the shenanigans.
The guys who work in the engine room have the best stories I've heard about pranks and such.