You pass every grade before June 15, and you take over instead of Eric.
7 seconds sound clip from the Billy Madison movie soundboard.
You can hear this line at 00:15:02 in the Blu-ray version of the movie.
Quote context
[...]
- Okay. All right. All right, you got it. First grade through twelfth grade, all over again.
- That's some idea. You just think of that?
- Yeah, I did. It's pretty good, huh?
- No.
- You're on. Carl, you make the arrangements.
- You pass every grade before June 15, and you take over instead of Eric.
- Nice try, ass wipe, but you're just delaying the inevitable.
[...]