Often misquoted, this is an accurate transcription of the interview which went out live on 1 December 1976.
The original Sex Pistols line-up are seated - from left to right as the camera sees them -
Bill Grundy sits to their left. Standing behind the Pistols are the punk hangers-on from the Bromley Contingent, Siouxsie Sioux, Steve Severin, Simon Barker and 'Simone'.
Grundy introduces the band to the cameras.
GRUNDY: (To camera) They are punk rockers. The new craze, they tell me. Their heroes? Not the nice, clean Rolling Stones... you see they are as drunk as I am... they are clean by comparison. They're a group called The Sex Pistols, and I am surrounded by all of them...
JONES: (Reading the autocue) In action!
GRUNDY: Just let us see The Sex Pistols in action. Come on kids...
[Film of The Sex Pistols in action is shown; then back to Grundy.]
GRUNDY: I am told that that group (hits his knee with sheaf of papers) have received forty thousand pounds from a record company. Doesn't that seem, er, to be slightly opposed to their anti-materialistic view of life?
MATLOCK: No, the more the merrier.
GRUNDY: Really?
MATLOCK: Oh yeah.
GRUNDY: Well tell me more then.
JONES: We've fuckin' spent it, ain't we?
GRUNDY: I don't know, have you?
MATLOCK: Yeah, it's all gone.
GRUNDY: Really?
JONES: Down the boozer.
GRUNDY: Really? Good Lord! Now I want to know one thing...
MATLOCK: What?
GRUNDY: Are you serious or are you just making me, trying to make me laugh?
MATLOCK: No, it's all gone. Gone.
GRUNDY: Really?
MATLOCK: Yeah.
GRUNDY: No, but I mean about what you're doing.
MATLOCK: Oh yeah.
GRUNDY: You are serious?
MATLOCK: Mmm.
GRUNDY: Beethoven, Mozart, Bach and Brahms have all died...
ROTTEN: They're all heroes of ours, ain't they?
GRUNDY: Really... what? What were you saying, sir?
ROTTEN: They're wonderful people.
GRUNDY: Are they?
ROTTEN: Oh yes! They really turn us on.
JONES: But they're dead!
GRUNDY: Well suppose they turn other people on?
ROTTEN: (Under his breath) That's just their tough shit.
GRUNDY: It's what?
ROTTEN: Nothing. A rude word. Next question.
GRUNDY: No, no, what was the rude word?
ROTTEN: Shit.
GRUNDY: Was it really? Good heavens, you frighten me to death.
ROTTEN: Oh alright, Siegfried...
GRUNDY: (Turning to those standing behind the band) What about you girls behind?
MATLOCK: He's like yer dad, inni, this geezer?
GRUNDY: Are you, er...
MATLOCK: Or your granddad.
GRUNDY: (To Sioux) Are you worried, or are you just enjoying yourself?
SIOUX: Enjoying myself.
GRUNDY: Are you?
SIOUX: Yeah.
GRUNDY: Ah, that's what I thought you were doing.
SIOUX: I always wanted to meet you.
GRUNDY: Did you really?
SIOUX: Yeah.
GRUNDY: We'll meet afterwards, shall we? (Sioux does a camp pout)
JONES: You dirty sod. You dirty old man!
GRUNDY: Well keep going, chief, keep going. Go on, you've got another five seconds. Say something outrageous.
JONES: You dirty bastard!
GRUNDY: Go on, again.
JONES: You dirty fucker! (Laughter from the group)
GRUNDY: What a clever boy!
JONES: What a fucking rotter.
GRUNDY: Well, that's it for tonight. The other rocker Eamonn, and I'm saying nothing else about him, will be back tomorrow. I'll be seeing you soon, I hope I'm not seeing you [the band] again. From me, though, goodnight.