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It looked like a good thing: but wait till I tell you.
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“It looked like a good thing: but wait till I tell you.”

O. Henry

Source
The Ransom of Red Chief
Date
1907
Meaning

Meaning of “It looked like a good thing: but wait…”

The narrator signals immediately that a scheme which appeared profitable will become a comic disaster, making hindsight part of the joke before the plot unfolds.

Source context

Where does it come from?

“The Ransom of Red Chief,” represented in Project Gutenberg #1595. The first-person narrator introduces the kidnappers’ scheme with comic foreshadowing; the story satirizes their criminal plan rather than endorsing it.

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