- SpongeBob: It's not about winning, it's about fun!
- Plankton: What's that?
- SpongeBob: Fun is when you... fun is... it's like... it's kinda... sorta like a... What is fun? I... Let me spell it for you.
- F is for friends who do stuff together
- U is for you and me
- N is for anywhere and anytime at all
- Scallops and clams: Down here in the deep blue sea!
- Plankton: F is for fire that burns down the whole town!
- U is for uranium... bombs!
- N is for no survivors when you...
- SpongeBob: Plankton! Those things aren't what fun is all about! Now do it like this.
- F is for friends who do stuff to-
- Plankton: Never! That's completely idiotic!
- SpongeBob: Here, let me help you.
- F is for friends who do stuff together
- U is for you and me... Try it!
- Plankton: N is for anywhere and anytime at all
- Clams: Down here in the deep blue sea!
- Plankton: Wait, I don't understand this. I feel all tingly inside. Should we stop?
- SpongeBob: No, that's how you're supposed to feel!
- Plankton: Well, I like it! Let's do it again!
- SpongeBob: Okay!
- Both: F is for frolic through all the flowers
- U is for ukulele
- N is for nose picking, sharing gum, and sand licking
- Here with my best buddy!
- [Both laugh in time with song]
- Mr. Krabs: Arrgh, mutiny.