I always thought it was...
"It's Friday night, and the moon is bright. Gonna have some fun, show you how its done, T.G.I.F."
Now you've got me wondering if its "and the mood is right"...but I think I remember them usually showing a moon on the screen during that line, so I think I'm right. (take it from someone who watched T.G.I.F. pretty regularly from 1988-1995)
Remember those clips they would play before shows and during commercial breaks with T.G.I.F. characters talking about the lineup? They were supposed to be watching the shows with you or whatever? I thought that was pretty neat...we'll never see those clips again. :-/
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