That means the caddy scholarship is available again and anyone who's interested should go see Judge Smails.

6 seconds sound clip from the Caddyshack (1980) movie soundboard.

You can hear this line at 00:15:35.428 in the Blu-ray version of the movie.

Quote context

[...]

- Alright, one announcement. Carl Lipbaum died last week in summer school from a severe anxiety attack.

- I heard he swallowed his vomit during a test.

- However it happened, he was a good caddy and a good kid.

- He was a brown nose, Lou. You hated him.

- Shut up.

- That means the caddy scholarship is available again and anyone who's interested should go see Judge Smails.

- And kiss his ass.

- That would help.

- All right, let's move out. We got golfers waiting. Let's go.

- You, Angie, pick up that blood.

- What kind of grades do I need for this caddy scholarship deal?

- Well, if you've been a good caddy, I think they're kind of lenient.

[...]