Las pelotas! means "The Balls!"
The club where the dogs go is called Winky Tennis Club.
The bus with which the dogs arrive has a advertiser with Spillting Hares.
Small Dog: Take these! Las pelotas! (Looks into the camera) That's spanish for balls!
Small Dog: Hey! You know what? Big Dog: What? Small Dog: Chicken butt! (Starts laughing) Big Dog: I don't get it.
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