Notes:

See also Ayy LMAO
See also LOLfansubs / Failsubs
Not submitting to that gallery because it wasn't actually released with these subs.

Obviously the best part from OVA 3.
I can't remember the specific context. All I remember is that it says "Tomodachi." / "Friend." and I think they were talking about something they think they saw and figuring out what it was… or something… maybe.
Also, source. (top comment)
I think peaceshot's the subber.