Wet Blanket Policy

Wet Blanket Policy is a 1948 Woody Woodpecker "cartune" directed by Dick Lundy. Released theatrically on August 27, 1948, the film was produced by Walter Lantz Productions and distributed by United Artists. The cartoon is noted for being the first appearance of Buzz Buzzard, and the film would later be reissued by Universal International, Lantz's former distributor.
The title is a play-on-words about a type of insurance policy.

Plot

At his insurance office, confidence man Buzz Buzzard is looking for a fresh sucker to swindle. Looking off in the distance, Buzz sees a happy-go-lucky Woody Woodpecker, minding his own business while whistling down the street. The cunning buzzard quickly greases the sidewalk, causing Woody to slide directly through the front door.
Buzz tries to convince Woody that he needs an insurance policy. Buzz tells Woody that "one never knows when a little accident might prove fatal". Woody is then bamboozled into signing a policy, with the fine print clearly stating that it will pay Buzz $10,000 in case of accidental death. However, Woody soon realizes what is going on and challenges him to try to carry out his plan, mocking him by saying "If you think you're going to bump ME off and collect $10,000...you're crazy! Anytime you can get $10,000 from me, it'll be over my dead body, you dirty crook!"
Buzz then tries his best to kill Woody so he can collect, resulting in a battle of wits between them, only to have the tables turned on him when Woody knocks him into a pit full of alligators. As Buzz flees from his attackers, screaming into the distance, Woody laughs and tears up the policy.