Aww, look! It's a friendly policeman affably ignoring the japes of the youths in his town!
The dialogue comes from Wayne's World, when Wayne and Garth were trying to make fun of Officer Koharski but he proved to be too cool for that.
The warthog is a Schleich figurine yo picked up to go with Gnawgahyde. The pig cop is PigCop.
Warthog: Say, I smell bacon. Does anyone else smell bacon? I definitely smell a pork product of some type.
PigCop: Yeah, yeah. I know what you're doing: bacon, pig, oink-oink, police officer. I said that to cops when I was your age.