“Toad’s out, for one,” replied the Otter. “In his brand-new wager-boat; new togs, new everything!”

The two animals looked at each other and laughed.

“Once, it was nothing but sailing,” said the Rat. “Then he tired of that and took to punting. Nothing would please him but to punt all day and every day, and a nice mess he made of it. Last year it was houseboating, and we all had to go and stay with him in his houseboat, and pretend we liked it. He was going to spend the rest of his life in a houseboat. It’s all the same, whatever he takes up; he gets tired of it, and starts on something fresh.”

“Such a good fellow, too,” remarked the Otter reflectively; “but no stability⁠—especially in a boat!”