Bruno the Bear: What you think you gonna do?
Bugs Bunny: Who, me? Oh, I think I'm gonna jump 200 feet off of this platform into a tank of water.
[Kisses Bruno]
Bugs Bunny: Goodbye!
[Raises platform 200 feet; Bruno raises his platform also]
Bruno the Bear: Nobody could outdo Bruno the Magnificent. I dive 300 feet into bucket of water.
[Raises platform 300 feet, Bugs does same]
Bugs Bunny: Oh, yeah? Well, I'll dive 500 feet into a damp sponge!
[They raise the platforms to 500 feet, breaking over the tent]
Bruno the Bear: And I, Bruno, will dive 1,000 feet into a block of cement. On my head, yet.
[They raise their platforms to 1,000 feet]
Bugs Bunny: Say, that's a good stunt. I'll buy that. But the star goes first. Here I go.
Bruno the Bear: Oh, no! Bruno is the star. I go first.
Bugs Bunny: Ah-ah! I go first.
Bruno the Bear: [Grabbing Bugs by the neck] I go first!
Bugs Bunny: Okay, pal. You win. You go first.
[Bruno dives the 1,000 feet and lands head first into block of cement, squashing himself in the process]

Bugs Bunny: Innocent as a newborn baby - baby rat, that is.

[Bruno promises to catch Bugs during the trapeze act]
Bugs Bunny: [to audience] Don't you beelieve it!