We...we could be friends.' We COULD be rare specimens of an exotic breed of dancing African elephants, but we're not. At least, I'M not.

The speaker rebuffs a tentative attempt at friendship by puncturing it with absurdist logic: the fact that something is hypothetically possible (“we could be friends”) doesn’t make it true or even plausible. By escalating to an outlandish comparison—being “rare specimens of an exotic breed of dancing African elephants”—the line mocks wishful thinking and highlights the gap between desire and reality. The final qualifier (“At least, I’M not”) adds a sharper edge: it suggests the other person might be self-deluding, performative, or pretending to be something they aren’t, while the speaker insists on a more grounded (or more cynical) self-assessment.