(Note: Sung to the tune of The Lion King's "Hakuna Matata")

Sung by Spike and Applejack

One day, Spike was left with a lot of free time on his hooves. He tried to pass the time with a ride in a balloon, but something went badly wrong and he wound up in the Everfree Forest.

And at the mercy of timberwolves.

Thankfully, Applejack happened to be there to rescue him, and so Spike owed Applejack a life debt.

Celestia help her...

The Dragon Code matters! There just ain't two ways!
The Dragon Code matters? Sure it ain't just some craze?
I'm bound to serve you for the rest of my days!
It's the way two friends can make amends...?
The Dragon Code Matters

Why, Twilight said it was okay
Twilight said it was okay!?

The Dragon Code says to prove nobility
You should serve your savior. I'm all yours, me!
Ah'm all flattered, but
Ah really don't think
Y'all really owe me a bit or anything

Celestia help me...!
Until you owe me!
What a pain this'll be...!
It's no trouble to me!
I'm down on mah luck
How do you feel?
Well and truly f...

...uh, happy to have ya...Ah guess?

The Dragon Code matters! There just ain't two ways!
The Dragon Code matters? Guess it ain't just some craze...
I'm bound to serve you for the rest of my days!
It's the way two friends can make amends...?
The Dragon Code Matters

Author's Note

As requested by dragonspinner33