This clip demonstrates the loss of potential gain from other alternatives when one alternative is chosen.
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As Fievel gives up hope of ever finding his family, Henri sings a song to lift his spirits and make him optimistic. Henri also suggests to Fievel that America is the place to find hope and opportunity.
Elaine's birth control sponge has been pulled off the market, and she's carefully hoarding her stash. So is the man she's dating "spongeworthy?" If she uses a sponge for him, she won't have it if a better opportunity comes along.