The essence of wit lies in its economy and timing. While a "wisecrack" might just be wordplay, a true witticism reveals a deeper insight into the human condition or a specific situation.
A well-placed witticism can lighten a serious speech or help an audience relax, but it must arise naturally to avoid appearing flippant. When to Use Wit witticism
As John Maynard Keynes allegedly noted, changing one’s mind when the facts change is a simple truth delivered with sharp clarity. The essence of wit lies in its economy and timing