(Frasier thinks he's talking about his belt.)
Frasier: I know, it's a bit risky. People have been commenting on it all day.
(Frasier lets his jacket open, showing off his belt and we see that
Rugley was in fact commenting on his open fly.)
Frasier: It makes a bold statement, but frankly I like it! I came through the park on the way over here and it caught the eye of many a young lady!
(Frasier looks down and, realizing, zips up).
Frasier: Oh God, my fly! I thought you were talking about my belt.
Rugley: Well, shall we start the interview?
Frasier: Oh, good. We haven't started yet! Well...