- Scooter: Oh, boy, oh, boy, chief. Are we in trouble.
- Kermit: What now?
- Scooter: You know how you're planning to do the jousting scene from Camelot?
- Kermit: Of course. That's the show's grand finale.
- Scooter: Well, the people that published the music from Camelot just called and they won't let you do it.
- Kermit: What? I was willing to give them credit! I would've given them a big build up! I would have given anything to do the jousting scene!
- Scooter: They want money.
- Kermit: Cancel the jousting scene.
- Scooter: Gee whiz, chief. I thought you said we had 14.95 in the cash box
- Kermit: Yeah, well I spent 13.50 on the suits of armor.
- Kermit: Now listen. This is a great chance for you. Besides, in the same jousting scene, you get to fight the Black Knight.
- Floyd: Who is the Black Knight?
- Kermit: Well, that's part of the fun. You see, no one will know. It's kept a complete and absolute mystery.
- [the Black Knight enters, sporting a distinctive hook-nosed helmet]
- The Great Gonzo: The world will forever wonder who I am!
- Kermit: Though some may harbor suspicions.
- Floyd: I mean, why cast me? This knight business is an actor's gig. I am a musician, remember?
- Kermit: Well, Floyd, I wanted you to play the knight because you fit the part, you see. You're the only one of us with real gallantry. The only one of us with real honor.
- Scooter: The only one of us who'd fit in that iron suit.
- Kermit: Scooter, I needed that like I need a broken leg!
- Floyd: Okay, you need a broken leg, I'll fall on you again.
- The Newsman: Here is a Muppet News Flash. An explosion has just taken place at the Smithfield Hat Factory. Reports say that hats are falling all over the...
- [suddenly, a bunch of hats all fall down on the Newsman, followed by a helmet that lands on his head]
- Pearl Bailey: [hearing a bunch of numbers performed from Guys and Dolls, Annie Get Your Gun and West Side Story for the jousting scene from Camelot] You know, Rowlf, this don't make much sense at all.
- Rowlf: I know, but we're stuck with it!