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Season 3, Episode 16, 1:50-2:31

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Michael:Will they throw their hats, you think?
Ryan:What?
Michael:A lot of times, at a... school, or naval academy, after a rousing speech, the crowd would throw its hats high into the air.
Ryan:Y-You understand nobody's graduating.
Michael:Yeah, I know, I know. I'm just saying if they did throw their hats I've got a great line for that: 'May your hats fly as high as your dreams.' ... That was a pretty good line.
Ryan:...It doesn't apply.
Michael:I understand! Wow. Relax, spazzy boy. Sometimes you're such a little spaz! [pokes Ryan] Whoa, hey!
Ryan:Quit it!
Michael:We have fun.
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