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This comes from "Week Ending," a satirical news program on BBC Radio 4 (which I still manage to get in France).

BUSH: Watch my nose: no new taxes.

QUAYLE: Er ... Mr President ... That's meant to be "Watch my lips."

BUSH: No, Dan. If they watch my lips, they'll see that I'm lying through my teeth. Watch my nose, no new taxes.

QUAYLE: Er ... Mr President ... Your nose ... It's getting longer!

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