Thirty years after the ring of the first bell, Rocky Balboa comes out of retirement and dons his gloves for his final fight; against the reigning heavyweight champ Mason 'The Line' Dixon.

Rocky Balboa: You ain't gonna believe this, but you used to fit right here.
[taps on the inside of his hand]
Rocky Balboa: I'd hold you up to say to your mother, "this kid's gonna be the best kid in the world. This kid's gonna be somebody better than anybody I ever knew." And you grew up good and wonderful. It was great just watching you, every day was like a privilige. Then the time come for you to be your own man and take on the world, and you did. But somewhere along the line, you changed. You stopped being you. You let people stick a finger in your face and tell you you're no good. And when things got hard, you started looking for something to blame, like a big shadow. Let me tell you something you already know. The world ain't all sunshine and rainbows. It's a very mean and nasty place and I don't care how tough you are it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't about how hard you hit. It's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward. That's how winning is done! Now if you know what you're worth then go out and get what you're worth. But ya gotta be willing to take the hits, and not pointing fingers saying you ain't where you wanna be because of him, or her, or anybody! Cowards do that and that ain't you! You're better than that! I'm always gonna love you no matter what. No matter what happens. You're my son and you're my blood. You're the best thing in my life. But until you start believing in yourself, ya ain't gonna have a life. Don't forget to visit your mother.
Rocky Balboa: The world ain't all sunshine and rainbows. It is a very mean and nasty place It will beat you to your knees and keep you there permanently if you let it. You, me or nobody is going to hit as hard as life. But it ain't about how hard you're hit, it is about how hard you can get hit and keep moving forward, how much can you take and keep moving forward. That's how winning is done!
Rocky Balboa: Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done. Now, if you know what you're worth, then go out and get what you're worth. But you gotta be willing to take the hit, and not pointing fingers saying you ain't where you are because of him, or her, or anybody. Cowards do that and that ain't you. You're better than that!
Rocky Balboa: Yo, don't I got some rights?
Boxing Commissioner: What rights do you think you're referring to?
Rocky Balboa: Rights, like in that official piece of paper they wrote down the street there?
Boxing Commissioner: That's the Bill of Rights.
Rocky Balboa: Yeah, yeah. Bill of Rights. Don't it say something about going after what makes you happy?
Boxing Commissioner: No, that's the pursuit of happiness. But what's your point
Rocky Balboa: My point is I'm pursuing something and nobody looks too happy about it.
Boxing Commissioner: But... we're just looking out for your interests.
Rocky Balboa: I appreciate that, but maybe you're looking out for your interests just a little bit more. I mean you shouldn't be asking people to come down here and pay the freight on something they paid, it still ain't good enough, I mean you think that's right? I mean maybe you're doing your job but why you gotta stop me from doing mine? Cause if you're willing to go through all the battling you got to go through to get where you want to get, who's got the right to stop you? I mean maybe some of you guys got something you never finished, something you really want to do, something you never said to someone, something... and you're told no, even after you paid your dues? Who's got the right to tell you that, who? Nobody! It's your right to listen to your gut, it ain't nobody's right to say no after you earned the right to be where you want to be and do what you want to do!... You know, the older I get the more things I gotta leave behind, that's life. The only thing I'm asking you guys to leave on the table... is what's right.
[last lines]
Rocky Balboa: Yo, Adrian, we did it... We did it.
Duke: You know all there is to know about fighting, so there's no sense us going down that same old road again. To beat this guy, you need speed - you don't have it. And your knees can't take the pounding, so hard running is out. And you got arthritis in your neck, and you've got calcium deposits on most of your joints, so sparring is out.
Paulie: I had that problem.
Duke: So, what we'll be calling on is good ol' fashion blunt force trauma. Horsepower. Heavy-duty, cast-iron, piledriving punches that will have to hurt so much they'll rattle his ancestors. Every time you hit him with a shot, it's gotta feel like he tried kissing the express train. Yeah! Let's start building some hurtin' bombs!
Rocky Balboa: Hey yo, champ. Aren't you a little scared?
Mason 'The Line' Dixon: I don't get scared.
[walks away]
Rocky Balboa: [turns and walks away with his son] You know, I think you try harder when you're scared... That's when it's worked best for me.
Marie: It doesn't matter how this looks to other people. If this is something you gotta do, then you do it. Fighters fight.
Rocky Balboa: You know I couldn't have done nothing without you... Yo Adrian we did it...
[kisses tombstone]
Rocky Balboa: We did it...
[Walks off into distance]
Rocky Balboa: Come on Paulie, we're about to serve the special.
Paulie: Italian food made by Mexicans ain't that special.
Rocky Balboa: [visiting his old house as he thinks about Adrian] ... I remember when she was standing there all nervous and shy with that small smile... And all I wanted her to do was trust me... And she did... She did...
Rocky Balboa: Lotta people come to Vegas to lose... I didn't
Rocky Balboa: What is it you said to the kid? It ain't about how hard you're hit, it's about how you can get hit and keep moving forward. How much you can take and keep moving forward. Get up!
Rocky Balboa: [Rocky and Mason Dixon embrace after their match, which has been more brutal and grueling than either expected] You're a great champion, you got heart!
Marie: Do you have a reservation?
Paulie: Do I look like a freakin' Indian?
Rocky Balboa: [to a commentator just before his match with Dixon] Hi, how ya doing?
ESPN Commentator: [to his colleages] Wow, Rocky Balboa said hi to me, I watched Rocky when I was a kid, I never thought that I would commentate one of his fights!
Mason 'The Line' Dixon: [before the final round] You one crazy old man.
Rocky Balboa: You'll get there.
Rocky Jr.: You cast a big shadow.
Paulie: [to the dog Punchy] What an ugly dog!
Martin: You got everything money can buy, except what it can't. Its Pride. Pride is what got your ass out here, and losing is what brought ya back. But people like you, they need to be tested. They need a challenge.
Mason 'The Line' Dixon: But you know that ain't never gunna happen, there ain't anybody out there Martin.
Martin: Theres always somebody out there. Always. And when that time comes and you find something standing if front of you, something that ain't running and ain't backin up and is hittin on you and your too damn tired to breathe. You find that situation on you, that good, Cuz thats baptizim under fire! Oh you get thru that and you find the only kind of respect that matters in this world, Self respect.
Rocky Balboa: Ya know they always say if you live in one place long enough, you are that place.
Paulie: I ain't no talking building, Rock.
Martin: The only kind of respect that matters is self-respect
Rocky Balboa: My son's coming over tonight, so I'm going to have something special made for him.
Paulie: Italian food made by a bunch of Mexicans doesn't sound so special to me, Rock.
Rocky Balboa: Why do you gotta owe something to get something?
Rocky Balboa: You know your kid sorta resembles ya. He's got that thick Irish hair, you know.
Marie: ...Yeah it's the other one.
[Rocky looks at the dark skinned one]
Rocky Balboa: ...Yeah?
Marie: His father was from Jamaica.
Rocky Balboa: Jamaica... European... Was you on a cruise ship or somthin' ?
Marie: [smiles] Not exactly.
Marie: The last thing to age on somebody is their heart
Rocky Jr.: [talking to Rocky as he is getting ready for Round Three] Hey, stay on him! Everybody thought this was a joke, including me! Now, nobody's laughing! Stay on him!
Duke: Let's start building some hurting bombs.
Rocky Balboa: What's so crazy about standing toe to toe with someone saying "I am"?
Marie: Don't get out. It's alright.
Rocky Balboa: No, Little Marie. It ain't alright.
Paulie: Who's the criminal?
Rocky Balboa: He's a nice kid.
Paulie: He dresses like a bum.
Rocky Balboa: Oh, coming from a human hamper, that's quite a compliment.
Rocky Balboa: [repeated line]
Rocky Balboa: Yo, how you doin'?
[first lines]
HBO Commentator: Yet another quick knockout for Mason Dixon, almost perfunctory; the fans let him know how they feel about it.
Paulie: Are you angry because Adrian left you?
Rocky Balboa: She didn't leave, she died.
Rocky Balboa: Wow.
Marie: Glad you dropped in?
Rocky Balboa: I think the neighborhood's changin' a little.
Rocky Balboa: I'll leave it on the steps... Steps.
Mason 'The Line' Dixon: It's already over.
Rocky Balboa: There aint nothin' over till it's over.
Mason 'The Line' Dixon: Where's that from, the 80's?
Rocky Balboa: That's probably the 70's.
[as they touch gloves to start off the final round]
Mason 'The Line' Dixon: You are one crazy old man.
Rocky Balboa: You'll get there.
Rocky Jr.: [questioning his father wanting to fight again] Don't you think you're a little, you know, old?
Rocky Balboa: I feel like a kangaroo... all this stuff in my pocket.
Rocky Balboa: I think every guy should at one time try to name an animal or something.
[last lines]
Rocky Balboa: Yo, Adrian... we did it.
Marie: [after Paulie walks into Adrian's after being let go from his job] Excuse me? Do you have a reservation?
Paulie: [laughs] Do I look like an indian?
Paulie: Hide the silverware!
Rocky Jr.: Don't take any more chances out there than you have to. There's nothing more to prove, Pop! There's nothing more to prove!
Rocky Balboa: I gotta go out the way I gotta go out.
Duke: To beat this guy, you need speed. You don't have it. And you've got calcium deposits on most of your joints, so sparring is out.
Paulie: I had that problem.
Duke: So what we'll be calling on is blunt force trauma. Let's start building some hurtin' bombs
Duke: Gettin' stronger!
[Angie, a young woman approaches Rocky at the bar]
Angie: Yo! Yo, is that you? Is that really you?
Rocky Balboa: How you doin'?
Marie: [to Angie] I think he wants to drink alone.
Angie: [turning "Street Gangsta"] Well, then give him his drink then. I ain't stoppin' you. What's that, your man or somthin'? No, I don't think so!
[turns back to Rocky]
Angie: Anyway, me and my friends, we're right down there. You think - You think you can buy us a round? Come on, you got the money. Just one round.
Rocky Balboa: Hey, uh...
[pushes Angie hand down]
Rocky Balboa: Thank you.
Angie: What are y - What are you doin' pushin' my hand away like that?
Rocky Balboa: What's your name?
Angie: Angie. What do you wanna know for?
Rocky Balboa: Angie, don't be playin' a fool for that guy, all right?
Angie: [turning cross] A fool?
Rocky Balboa: Yeah.
Angie: [angry] A fool? I'm the fool? You're the fool, not me! You got it twisted. You're the fool. I'm a person, just like you. You ain't no better than me. You think you're a big shot? You ain't nothin! You ain't no better that me! NO better!