But they have one thing you haven't got. A diploma.

6 seconds sound clip from the The Wizard of Oz (1939) movie soundboard.

You can hear this line at 01:29:50 in the Blu-ray version of the movie.

Quote context

[...]

- What about the heart you promised Tin Man? And the courage you promised Cowardly Lion? And Scarecrow's brain?

- Why, anybody can have a brain. That's a very mediocre commodity.

- Every pusillanimous creature that crawls on the earth or slinks through slimy seas has a brain.

- Back where I come from, we have universities seats of great learning, where men go to become great thinkers.

- And when they come out, they think deep thoughts, and with no more brains than you have.

- But they have one thing you haven't got. A diploma.

- Therefore, by virtue of the authority vested in me by the Universitatus Committeeatum E Pluribus Unum...

- I hereby confer upon you the honorary degree of Th.D.

- Th.D.?

- That's Doctor of Thinkology.

- The sum of the square roots of two sides of an isosceles triangle is equal to the square root of the remaining side.

[...]