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Without an oxford comma, a four letter list sounds like "This...that...c and d do that!"It sounds more like: bit, bat, bot and bet do that to my ears. E.g the list flows in a continuous motion, and the "and" just denotes the last item ("and finally"), something like x:xs in Haskell but in reverse! "this, that, c : d do that"
>which in turn sounds like naming two things, then making a completely different sentence about the final two things.
This sounds like a projection, not from the sound of the phrase, but from your a priori idea about what the oxford comma would do there (e.g that it would evenly split the items of the list).