Along with chirping about baby back ribs and untoasted English Muffins, the guys are back in action discussing the current state and impact of Direct-to-Consumer brands. John fires off a new lightning round segment and Brian’s shoots for rarified air with his Hopelessly Unattainable Guest.
Key topics & chapter markers
(00:00) It’s So Hard to Say Goodbye to Chili’s
(01:11) Snap Decision – Brian: DTC zombie brands
(04:11) John’s response for reviving old brands
(07:31) “Going viral”
(09:19) John introduces “Snap Decisions: Lightning Round, Extremely Ill-Informed Edition”
(12:45) Come fly with Brian’s Dear Hopelessly Unattainable Guest
Background content
“Meet the zombie brands: Why Blue Apron, Allbirds, and others are still alive, only different” - Fast Company
“Bringing bankrupt brands back from the dead is big business” - The Hustle
“Our blades Are f***ing great” - Dollar Shave Club
“The sisterhood of the Stanley tumbler” - New York Times
“Baby Back Ribs jingle featuring Boyz II Men” - Chili's
Bulls kills the Sixers and Brian’s dreams - Basketball Reference
Connect with Brian and John on LinkedIn:
Morning, John, how you doing?
2
:John: Good, Brian.
3
:Good morning to you, sir.
4
:How are you?
5
:Brian: I'm doing great.
6
:I just heard some awesome news.
7
:Chili's the restaurant group is bringing
back their, baby back ribs commercials.
8
:John: Wow, you're coming
in hot with that one
9
:Brian: I it's a hot take.
10
:And even better than that, they are
11
:John: That damn song, the damn
song's already in my head.
12
:Thank you.
13
:Brian: you won't get rid of it, and even
better, Boyz II Men is, in the commercial
14
:singing the song, who people have long
thought, the song was built around.
15
:John: Wow.
16
:Wow.
17
:Brian: Yeah, so that
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:John: This is all news to me
and fascinating news at that.
19
:Brian: so good.
20
:Look that up.
21
:That was, that was really a fun
way to wake up this morning.
22
:John: Well, uh, I'm glad you've
had such a good start to your day.
23
:Mine has been, little bit more
discombobulated, including switching
24
:to, what might be a crappy microphone.
25
:I'm not sure, so we'll see.
26
:Brian: We'll see how that comes out.
27
:One other element about that
commercial that I really like that.
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:I think you're going to really love is
the amount of snaps that they put into
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:the new Chili's baby back ribs commercial.
30
:John: nice, nice.
31
:Brian: Yeah.
32
:So, uh, the snap attack is,
uh, is really high in that one.
33
:Let's get started.
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:John: Right on, giddy up.
35
:Brian: let's get right into
our first snap decision.
36
:, John, I've been reading a lot
lately about, direct to consumer
37
:brands and kind of where they're at.
38
:And actually where they're not at.
39
:There's been a lot of investment
in, in these types of brands,
40
:the last several years.
41
:We've seen them all over the place
with, , dollar shave club, uh blue apron,
42
:John: Casper mattresses.
43
:Brian: yeah, Casper, all these
brands and, unfortunately.
44
:they've been extremely overvalued
and, , I was reading an article in Fast
45
:Company this week that really talked
about how they're almost becoming zombie
46
:brands where, , they exist in name
only and, and what's behind them is.
47
:Not anywhere near what their original
purpose was and the way that they
48
:operate, has kind of been hollowed out
and, , that really, , was an interesting,
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:, look at where they're at in the
marketplace now and how, investment
50
:companies have, overinvested in this.
51
:John: So, so Brian, when you say zombie
brands, is that referring to like a
52
:brand that, that previously was something
different and now is a direct consumer or,
53
:or, or tell me more about what that means.
54
:Brian: so that means that,
they still exist, sort of.
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:They exist in name only,
but , , the operations behind
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:it, is completely different.
57
:So, , in the case of blue apron,
who, was really going down a path
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:of like sourcing their own food and
bringing a whole sustainability lens
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:to the type of food prep that they,
um, to the consumer directly and
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:kind of cutting out the middleman.
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:they're now operating in a completely
different way where they're, they're not
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:even sourcing their own food anymore,
and they're outsourcing the, the food
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:itself and more focusing on, recipes
and marketing and, kind of leveraging
64
:their name and not the way that they
operate, which is really interesting.
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:John: Should I think of the example
of, Bed Bath and Beyond kind of after
66
:going bankrupt and being bought by
Overstock, no longer has stores.
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:Well, there are stores, there are big
empty, husks of stores out there that
68
:you drive by, , but now the brand is.
69
:Still existing online, but run by
Overstock as an e commerce brand.
70
:, is that a relevant example of
what you're talking about here?
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:Brian: In a way, yeah.
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:And, uh, you know, another example is,
is Converse who was bought by Nike and,
73
:you know, Converse name still has some,
some play, but it's run completely by
74
:Nike, which was a former competitor.
75
:So, you know, they still, they still
operate, but not, you know, not in
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:the same way, or, in this case through
a, an entirely different operator.
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:another example is a, is a company
called authentic brands group, which,
78
:Really picks up and owns these types
of, , companies that go bankrupt and,
79
:and owns the licensing and IP behind it.
80
:And then they, they form out other
people to do the retail part, and
81
:then they just kind of use the
marketing purposes, which is, it was
82
:just fascinating to me and another.
83
:Direct to consumer brand that's kind of
faltering right now that was overvalued
84
:is, is Allbirds, which was kind of a
darling a few years ago and, and is
85
:kind of falling on hard times as well.
86
:And, and so, so my snap decision for you
is, will this impact how people bring
87
:products to consumers moving forward?
88
:Our brands.
89
:overestimating who they are
and what they want to be and
90
:what do you think about that
91
:John: I think most brands overestimate,
what they, what they want to be.
92
:Yeah.
93
:I do think that there are
an awful lot of brands.
94
:I mean, the, the examples you've just
shared there, there are a ton of them
95
:where a brand kind of peaked, you know,
had its run, and then went into some
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:sort of lull or bankruptcy or something.
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:But there's still some,
combination of IP and consumer.
98
:enthusiasm or emotion tied to it.
99
:so, you know, I, I think about, I mean,
the one that kind of jumps into my mind
100
:from a while ago, and it's a little
different from the direct consumer piece
101
:you're talking about, but Abercrombie
and Fitch, which I, I didn't even realize
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:when it kind of became a team brand in the
nineties, that was a total reinvention.
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:And I think it's second
reinvention, right?
104
:It, lived for like.
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:think almost a century as a true
hardcore outdoor outfitter, right?
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:There was like hunting gear and
fishing gear and like legit stuff.
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:And then I think fell in hard times, did
get reinvented as a direct consumer brand.
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:I think it was like a mail order,
but still in the hunting thing.
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:So they kind of like took their core.
110
:Woke it back up later, you know, direct
consumer to back in the catalog days and
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:then went completely into the shadows
until someone who I don't even know who
112
:but eventually ended up as part of the
limited Group of brands I think right?
113
:But there was some brand awareness and
provenance, I guess around Abercrombie
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:and Fitch That someone turned into a teen
brand, a teen fashion brand, kind of wild
115
:how that one just totally got reinvented.
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:which is a little different from what
way I think some of these brands get
117
:, restored, which is to really go back
to their core, what they stood for.
118
:, but I think that that is
increasingly a hard proposition.
119
:I think usually these brands got
to kind of reinvent themselves.
120
:Brian: Yeah.
121
:you know, the direct to consumer model,
is fascinating just in the fact that,
122
:know, you're cutting out the retail
stores and You're able to really just
123
:build a relationship with the consumer
directly and not rely on, placement
124
:in those places basically rely on on
everybody else to do your work for you.
125
:But, you know, that, that costs a
lot more money to do it that way.
126
:John: yeah.
127
:Money, money, a big part of the formula,
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:Brian: that's a lot of things, right?
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:John: Yeah, you know, think about your,
converse example, which is, a great one.
130
:I don't know how much they faded
before Nike bought them, but I
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:think they're, they've kind of
become a little bit irrelevant.
132
:Nike really leaned into that as
an old school, cool brand, right?
133
:But it's Nike.
134
:So you know, there was a combination of.
135
:And I think this may be, is maybe
a formula that others will have
136
:followed and can follow, which
is like smart marketing, right?
137
:Nike's known for that.
138
:Plenty of dollars and nostalgia.
139
:You know, I think, I think you
put those things together and you
140
:got a chance at a good revival.
141
:Brian: And I think that's when a
company like Authentic Brands Group
142
:is, is snatching up some of these
bankrupt brands, I think that's what
143
:they're, they're really trying to get
people to hang on that, that nostalgia.
144
:John: I feel like if you don't have
that kind of nostalgia or some sort of
145
:strong brand connection with, you know,
strong brand position in the consumer's
146
:head, trying to restore an old brand is
probably just like building a new one.
147
:Brian: the interesting thing with the
dollar shave club, which had really a
148
:model that our mission that struck at
people was the, you know, shaving became
149
:such an expensive thing to shave in a
really more efficient way so they, they
150
:were able to build a lot of, of equity
in the, in the marketplace, but, uh,
151
:and then Unilever bought them and then
all Unilever is kind of spinning them
152
:off because, you know, I, I guess they
couldn't make the type of money that, you
153
:know, targeted to make or whatever, but
154
:John: Well, it's hard to live
up to the expectations that
155
:get created when you are viral.
156
:Out of the gates, right?
157
:Which is really how Dollar Shave
Club burst on the scene, ? They
158
:did that amazing viral
launch ad with their founder.
159
:tried to recreate it, you know, in another
version a couple years later, a year
160
:later, but I don't think they ever tapped
into the virality they launched with.
161
:And I'm going to guess they were
fairly, yes, this is speculation.
162
:They were probably fairly overvalued based
on a really strong market presence that
163
:came from something that's kind of hard
to, it's hard to recreate a viral ad.
164
:Brian: it's like the thing that
they always say at, at, , marketing
165
:conferences, when, when you get
the brief and it's like, you know,
166
:I want to, how do I go viral?
167
:John: Yeah, create something viral.
168
:Oh, sure.
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:Brian: Sure.
170
:Let me just, let me just do that.
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:John: There's a formula.
172
:We'll just
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:Brian: There's a formula.
174
:Uh, we're just going to go viral
and then we'll go from there.
175
:speaking of brands that shifted, uh,
there's one really interesting, uh,
176
:today, you know, it's fascinating
to hear the shift of Abercrombie.
177
:But what about Stanley?
178
:teenagers are bringing them to
school every single day and all of
179
:them have it and they all, um, are
carrying around everywhere they go.
180
:So talk about a shift from, you
know, you talk about Abercrombie,
181
:a shift from hunting to teens.
182
:Stanley's kind of doing the same thing.
183
:John: Well, educate me.
184
:I don't know, I don't know what the,
the teen affiliation to Stanley is.
185
:What are we, what are we carrying?
186
:Brian: Well, the drink mugs,
187
:John: Gotcha.
188
:Gotcha.
189
:Oh, right.
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:Right.
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:Right.
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:I did hear about this.
193
:Brian: Yeah.
194
:So, um, and I know that
195
:John: am I correct in that?
196
:Fascinating.
197
:Brian: And so, I think consumers went
through the Yeti phase and now it we're
198
:in the Stanley face, Yeah, so that's
kind of fascinating because that's, you
199
:know, always been construction worker
kind of brand and, hat type of thing.
200
:And now, uh, you have teenage girls.
201
:So,
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:John: Maybe, maybe more weekend warrior
than, than hard hat, but, but either
203
:way, uh, it's certainly a shift.
204
:Brian: yeah.
205
:Yeah.
206
:All right.
207
:So, uh, what do you got for me?
208
:John: Alright, so, uh, I did not prepare
a thoughtful, well investigated, , topic
209
:like your direct to consumer brand and
zombie brand conversation, but I did put
210
:together a, uh, Snap Decisions lightning
round, extremely ill informed edition.
211
:Um, yeah, I think, maybe it's a
new segment, you know, because
212
:we're, what, three episodes in
here, why not have another segment?
213
:Um, this, this is.
214
:Top of mind, man.
215
:Just, I want real time reactions to some
questions I'm going to post to you.
216
:Some are really important,
and some are not.
217
:Brian: oh, great.
218
:Put me in the hot seat.
219
:John: Exactly.
220
:None of them are really important.
221
:And, by the way, uh, feel free to rename
this segment from the Snap Decisions
222
:Lightning Round Extremely Ill Informed
Edition, because that's a little clunky.
223
:Alright, you ready?
224
:Brian: Let's do it.
225
:John: Let's start simple.
226
:Coke or Pepsi?
227
:Brian: Coke.
228
:John: headlines or super
strong call to action buttons?
229
:Brian: I'm going to go
call to action buttons.
230
:John: I knew you would.
231
:Is it ever okay to serve a breakfast
sandwich on an untoasted English muffin?
232
:Brian: No.
233
:John: Thank you.
234
:That, that's the first, that's
the only question with a right
235
:or wrong, and you're correct.
236
:It is never
237
:Brian: Okay.
238
:Good.
239
:This is an all judgment zone.
240
:John: Yeah, there's a, there's a
story behind this, but it's boring,
241
:but suffice to say it had me, um,
had a granola level of anxiety.
242
:Brian: Yes.
243
:I can see, I can feel
the grumpiness there.
244
:That's good.
245
:Apple.
246
:John: can, who consistently, consistently
over time, out, uh, two decades,
247
:over the past two decades, turns out
the best advertising Nike or Apple.
248
:Ooh, didn't even hesitate.
249
:Tomorrow morning, Brian.
250
:Aliens arrive.
251
:And install a new worldwide government.
252
:Brian: Geez, now I'm scared.
253
:John: gets weirder.
254
:Brian: Where are you going?
255
:John: to outlaw either beer or bourbon.
256
:I'm not sure why, but they're an
alien race and really intelligent,
257
:so they must have a reason.
258
:They're going to outlaw
either beer or bourbon.
259
:Which one of those upsets you the most?
260
:Brian: oh man, that's a good one.
261
:I need to eliminate beer.
262
:So, uh, I don't want them
to take away the bourbon.
263
:John: Oh, okay.
264
:All right.
265
:I, I didn't expect that.
266
:Brian: Okay.
267
:I mean, I don't want, I don't want
them to get rid of either, but
268
:John: Uh, I, I will,
I'll only do one more.
269
:Um, driving your own car
forever or eventually being a
270
:passenger in an autonomous car.
271
:Brian: I got to drive
your own car forever.
272
:I mean, this is ridiculous.
273
:John: Oh, wow.
274
:Right.
275
:Okay.
276
:All right.
277
:Brian: It's all about the
loss of control there.
278
:John: Okay.
279
:Loss of control or the glory
of sitting in a small living
280
:room doing whatever you want.
281
:Well, you are effortlessly and
safely escorted to your destination,
282
:perhaps while drinking bourbon.
283
:I mean, come on Brian.
284
:Brian: I support the evolution
of how we get from A to Z.
285
:I just don't know how I'm gonna,
you know, easily give up the
286
:control there, but yes, we do need
to do that and, uh, I'm fascinated
287
:by the autonomous driving thing.
288
:I just, I don't know how I'm going
to sit in the car and go with it,
289
:Give me a lot more bourbon
and I'll be all right.
290
:John: all right This feels like a
future episode actually because I
291
:remember you and I had a similar kind
of mind blown reaction Watching the
292
:Waymo self driving Jaguars driving
around San Francisco about a year ago,
293
:Brian: Yeah.
294
:Yeah.
295
:All
296
:John: all right.
297
:Yeah, that's it.
298
:I mean, I have more, but I'll save them.
299
:Maybe, maybe we'll do it again sometime.
300
:Do more lightning round after
you give it a good name.
301
:Brian: right.
302
:Well, um, I, I like it.
303
:Thanks for, uh, thanks
for the new segment.
304
:I think, I we go from that one
to a, uh, to a regular one.
305
:John: Oh, a regular and extremely
popular, uh, damn near viral segment.
306
:Brian: get me viral.
307
:All right.
308
:So John, uh, in this week's
hopelessly unattainable guest.
309
:Uh, I'm gonna go for, uh, I'm
gonna go for Michael Jordan.
310
:John: Ooh.
311
:Brian: So, we've had Tim Cook.
312
:Last week, you, uh, desperately pleaded
for Taylor Swift to join the show.
313
:I'm gonna go with MJ.
314
:And remember, these are moonshots.
315
:These are people that, might take
a little more effort to get on the
316
:show than, somebody that might be
willing to sit down and talk to,
317
:podcast legends like you and I.
318
:But,
319
:John: Just, just a little harder to get.
320
:Yeah.
321
:Brian: So, this is my, plea to Michael
Jordan to come and join our show.
322
:I, I have a lot of respect for
this guy and who wouldn't want
323
:to sit down with MJ, right?
324
:So let's see, let's see if
this does the trick, okay?
325
:You ready?
326
:John: do it.
327
:Oh, there's a plea.
328
:Let's hear the plea.
329
:Brian: All right.
330
:Hello, Michael.
331
:Can I call you Mike?
332
:You're a legend, a hero to all,
an inspiration for following
333
:and achieving your dreams.
334
:But for me, you terrified my youth.
335
:Your bulls always killed my sixers.
336
:We stood no chance.
337
:Everyone wore your jersey, walked in
your shoes, worshipped your every move.
338
:I hated it.
339
:You were better than us.
340
:Better than me.
341
:Six championships.
342
:My team still hasn't won since 1983.
343
:But let's make amends.
344
:I'm not bitter.
345
:We'd love to have you on Snap Decisions,
a new podcast where we discuss and break
346
:down the past and blockers in life.
347
:I'm over my childish feelings.
348
:We want to learn about your journey.
349
:We can talk about your gold medals, your
scoring titles, your critical acclaim.
350
:Nike, the riveting Last Dance documentary.
351
:How you became a billionaire
th,:
352
:My dad and I had tickets to Game 4 of
the Eastern Conference Semifinals with
353
:family friends against your bulls.
354
:But we could never find those
friends outside the spectrum
355
:when we tried to meet up.
356
:There were no cell phones
back then, of course.
357
:After 40 minutes, we
gave up and drove away.
358
:My dad bought me ice cream as
I cried the whole way home.
359
:You beat us by 16 and closed
out the series two days later.
360
:It's alright.
361
:It's fine.
362
:I'm over it.
363
:I really want to hear about you and your
ever thriving Jordan brand and the impact
364
:you've had on kids all over the world.
365
:And Charles Barkley, couldn't he
just figure out how to beat you?
366
:Did it really have to be that hard?
367
:I guess we'll never know.
368
:But let's talk.
369
:I promise a stable and prominent
stage with an objective lens.
370
:You won't regret it.
371
:Sincerely, Snap Decisions.
372
:John: Wow.
373
:Brian: You think?
374
:You think he's gonna...
375
:John: If, if, if he hears the lingering
resentment and bitterness in your
376
:voice the way I do, I mean, I know
you said you've, you're over it.
377
:You didn't sound even remotely over it.
378
:That's true.
379
:You really went to a playoff game
and you, you, you couldn't meet up
380
:the people that had your tickets?
381
:Is that what happened?
382
:Brian: That's what happened?
383
:That
384
:John: God.
385
:Yeah.
386
:Brian: was devastating.
387
:John: Yeah.
388
:You think?
389
:Brian: Yeah, we, uh...
390
:My dad heard that we were going to meet
at a, uh, at a punter statue that the,
391
:that was outside veteran stadium, which
392
:John: I remember the punter statue, yeah.
393
:Brian: veteran stadium was right
across the street from the spectrum.
394
:And, uh, it was behind the veteran
stadium, which, you know, it was
395
:kind of far away from the spectrum.
396
:I don't know why we thought we were
going to meet there, but apparently, uh,
397
:our friends were waiting on the steps
of the spectrum for us the whole time.
398
:John: Wow.
399
:Are you, are you, are
400
:Brian: that was that.
401
:And so we, they, they did end
402
:John: did you remain
friends with those people?
403
:Brian: taking us to a game a
couple, a couple of years later
404
:when Barclay was on the suns and
he came back to play the Sixers.
405
:And of course the Sixers lost that
game too, but, um, it's all good.
406
:John: What?
407
:Look, let me answer your question.
408
:Yes, I think MJ, we got a shot at MJ if
we land either Tim Cook or Taylor Swift.
409
:I think he's, I feel like as, as,
as pioneering and trailblazing
410
:as Michael Jordan is and was.
411
:I think he's going to
need that credibility.
412
:So we got to, we got to land
that kind of A list or that
413
:moonshot to get him to say yes.
414
:Brian: Yeah.
415
:So what is our, who's our, who's,
who's our best shot so far out of all
416
:of our hopelessly unattainable guests?
417
:Is it Tim cook?
418
:Is it Taylor Swift or
is it Michael Jordan?
419
:John: Well, I mean, we're approaching
his 0 percent chance on all of them.
420
:So it's probably a dead heat.
421
:Underline hopelessly unattainable,
422
:Brian: All
423
:John: I'm not, I won't give up hope and
get one stuff starts falling into place.
424
:You never know.
425
:Brian: I like your attitude.
426
:It's good.
427
:John: Exactly.
428
:Um, all right, well, thanks for,
thanks for coming loaded for bear
429
:with your, uh, with your, uh, your
hopelessly unattainable guest and
430
:your, your, your brand conversation.
431
:Always a pleasure.
432
:before we go, should we
tease the next guest or not?
433
:Brian: Yeah.
434
:Why don't you, uh, go for
435
:John: Okay, I'll leave it at this.
436
:This guy's basically the Michael
Jordan of Paralympic skiing.
437
:How about that?
438
:Brian: I like it.
439
:I like it.
440
:John: I'll leave it there.
441
:Brian: Can't wait to see
where we go with that.
442
:John: on the next episode
of Snap Decisions.
443
:Brian: Chili's baby back ribs.
444
:John: Ha ha ha ha ha ha.
445
:Screw you.
446
:See ya.