Food lovers who enjoy soda and breakfast food are certain a new collaboration between Pepsi and IHOP must be an April Fools’ Day joke—however, food bloggers insist it’s the real deal.

Sounds wild, right? That’s exactly what the "Pepsi Stuff" campaign suggested in 1996. The ad meant as a joke, claimed that 7 million Pepsi Points could land you a fighter jet. While most people ...