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It wasn't lies. It was just... bullshit.
— Elwood · The Blues Brothers

Behind the line May contain spoilers.
Our reading
An editorial interpretation.
Elwood rejects one label for what he said and substitutes another that hardly sounds more respectable. The pause gives the distinction a moment of importance before the coarse replacement arrives. His defence depends on treating two kinds of unreliable speech as meaningfully different.
Context reviewed