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"Founder's Day" is Richard Bull's (Nels Oleson) favorite episode from season 1.
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When Melissa Gilber (Laura) runs up to the Olesons to tell them that her Pa is going to win the tug-of-war contest, notice that when she turns around and runs off again, she briefly bumps right into the gate, avoiding a potentially major wipe-out by dodging just in time. You will see also that Richard Bull (Nels Oleson) looks a little startled when he sees Gilbert do this, and then he smiles and laughs before continuing with his lines.
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Notice that when Jim wins the log contest and is awarded his watch and blue ribbon, the sky is completely gray, and it's obvious that a thunderstorm is about to erupt any minute. However, in the very next scene, when Laura and Charles are talking, the sky is an immaculate blue, and the sun is beaming down.
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After getting thrown in the mud during the tug-of-war contest, Charles and Nels allegedly go to "clean up," and in the next scene, they are completely dry and spotless, with clean clothes. It's pretty unlikely that they were able to get all the mud and gunk out of their hair that quickly, even if they took full baths. Those kinds of things can take a really long time to get rid of, sometimes days.
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Notice how strange Mary, Willie, and the other children look as they are jump-roping. It almost looks like half slow motion, half regular motion.
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Actually, Charles' team did NOT win the tug-o-war competition. Nels was pulled into the mud, but the competition was not called. Everyone stopped to laugh, but that didn't mean the competition was over. The mistake the Charles' team made was that instead of focusing, they stopped to laugh.
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In the log chopping contest, Reverend Alden announced beforehand that the winners from the first and second heat would automatically face off in the third heat for the championship. Mr. Tyler won the first heat, then chopped in the second and lost to Charles. Since he won the first heat, he did not need to chop in the second, and it was foolish of him to waste valuable energy that could have helped him in the championship heat.
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Many viewers can argue that Nels and Harriet Oleson's behavior during the three legged race was very ironic, given the fact that they seemed to "switch attitudes" with each other. When Harriet and Nellie lost the race, Nels was yelling at them, "You had a perfect chance to win! What happened?" and Harriet was like a little puppy, saying "Oh, for Heaven's sake! It's all right, we tried!" Usually, it is Harriet who acts aggressive, while Nels steps down.
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The very first scene in this episode--which finds the Ingalls' dog Jack drinking from the creek and running back up to the house--was also used for the opening scene in Season 1's Country Girls. Even the background music is the exact same.
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Caroline is very worried about Mrs. Oleson's entry in the pie baking contest, and both women are among the top three entrants. This contrasts to later references, for example "Second Spring" (Season 6), where Mrs. Oleson is a poor cook, and Nels handles these chores.