"WONDER PICTURES / IF IT'S A GOOD PICTURE / IT'S A WONDER."
The producer (a dog) is I.M. Stupendous. The director (a pig who rolls his r's) is Von Hamburger.
He takes Von Hamburger's cigarette and spells "Warner Bros" with the smoke.
"Just giving my bosses a plug!" he says. "I've got an option coming up!"
The Censored Cartoons Page lists no cuts for this film. One imagines that current TV prints leave out the scene of Von Hamburger and Daffy smoking a cigarette.
Yes, it's included in the Looney Tunes Golden Collection, Volume Three (2005) (V) Disc 2.
