I must have missed that when i was a kid

I don't remember this, either.

It actually goes like this:
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Mr. Krabs: What are you doing, lad?
SpongeBob: Squidward said I could help by burying myself!
Mr. Krabs: Quit fooling and come on out. I need you to be in the commercial.
SpongeBob: [gasps] Me? In the Krusty Krab commercial? Me!
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http://spongebob.wikia.com/wiki/As_Seen_on_TV_(transcript)
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- FunStats

This doesn't really happen. Someone made this post up. I've watched this episode multiple times

Could be his finger

I hate every time I see this post because I remember the episode perfectly