- Bugs Bunny: [hurls reels at the projectionist] Roll 'em, Smokey!
- [a stag film appears]
- Bugs Bunny: HEEYYY!
- Presenter: I am very happy to bring to you the name of the great actor to whom we feel this honor is due.
- [Bugs makes his way to the stage]
- Presenter: This highest honor is being bestowed on an actor who, because of his consistently fine performances, richly deserves this trophy. A fine dramatic actor,
- [Bugs puts his carrot in his mouth like a cigar, grows thicker eyebrows, points menacingly while twisting his whiskers]
- Presenter: and also a master of refined comedy.
- [Bugs opens his mouth widely and sticks his tongue to the audience]
- Presenter: A screen lover, unexcelled,
- [Bugs morphs into Charles Boyer and romances the carrot]
- Presenter: and equally good in character roles.
- [Bugs morphs into Frankenstein's monster]
- Presenter: I now take extreme pleasure in presenting the Academy Oscar to a fine actor, your favorite and mine, our own... James Cagney.
- [Bugs does a wild take]