Is This Extended Warranty Some Kind of A Joke?

That's why to always read the Service Contract's fine print and study it carefully before deciding.

Problem is most dealers won't let you do this; they're trained to say something like this:
"Our girl mails them out to you the same week", or some other BS story.

It's very hard to get a copy of the warranty to read before buying. That's why most third part Service Contracts are not worth the paper they're written on.