Tschoppi’s answer is technically correct, since it is nigh impossible to create a pure compound without any contaminants. The highest-grade liquids I can remember seeing on SigmaAldrich’s web pages were something like $99.9999~\%$ purity or something — far enough away from $100~\%$ to call it a solution.
However in practice, chemists (especially non-physical chemists) would call any liquid phase that does not have substantial dissolved particles a ‘pure’ liquid — that would even include ‘just’ $99~\%$ purity. (As a general rule: The more organic or biological the chemist, the less pure ‘pure liquids’ are.) Some may even call the $96~\%$ ethanol (which is often traditionally labelled ethanol absolute — not to be confused with Absolut Vodka) a pure liquid and totally neglect the $4~\%$ water and other stuff in there.
So in a practical view, the questions remain:
- What does one think when one hears alcohol; and
- would one consider the liquid phase thought of as a solution or a pure liquid.
The first is the difficult one. When in the lab, chemists may colloquially call ethanol alcohol — while some might also call methanol the bad alcohol or something. The word alcohol no longer describes a specific chemical (if it ever did) but rather, as Tschoppi pointed out, a group of chemicals that all contain $\ce{O-H}$ groups (and excluding the chemical if all its $\ce{O-H}$ groups come from acids). So the pun would probably fail in step 1 when we are defining alcohol.
However, if we do assume that a chemist would understand ‘the bottle labelled ethanol abs.’ (or whichever ethanol purity is most available) in a lab setting, then that chemist would most likely say ‘no, this bottle does not contain a solution, only a liquid/solvent/whatever.’ So the pun would fail at step 2.
Outside the lab, by the way, chemists would often talk about alcohol meaning alcoholic beverage — if they use that word in that sense at all. I don’t think any chemist (at least no-one I’ve met so far) would use alcohol outside of the lab to mean ethanol. If that is the case, then yes, the pun would work.
So all things considered, most of the time chemists would reject the pun for being either too simplified or wrong in a lab setting. However, given the correct set of constraints, they would accept it.