Hmm, probably not too advisable to be eating dog food. A dog's digestive system can handle things ours cannot, like hair and bones. The nutrient balance is also inappropriate for human consumption. Incidental consumption of stuff like Milk bones is probably not going to have an adverse effect, but I wouldn't make a habit of eating it, and I certainly would not consider eating a lot at one time.
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The ultimate result of shielding men from the effects of folly is to fill the world with fools.
-- Herbert Spencer, English Philosopher (1820-1903)