Billboard’s first Country Music Summit, held earlier this week in Nashville, overflowed with great insights from some of the industry’s top executives and minds. It was full of laughs, too. Here are the five funniest lines from the conference.

-- Billboard’s Ray Waddell, after Tim McGraw told the audience he pawned his high school ring for a guitar when in college: "That just shows how careers go. I sold my high school ring in college and bought a keg of beer."

-- Ronna Rubin of Rubin Media on Mozes, the mobile messaging platform used during the panels: “As a Jew in Nashville, when I heard I'd be meeting with Mozes I got real excited.”

-- Panelist and country artist Blake Shelton, asked why he was tweeting during the record label panel: “Because this is boring.”

-- Tim McGraw on the competition in Nashville: “There are people working at the 7-Eleven who can sing circles around me.”

-- Moderator Pinky Gonzales to Andrew Mains, Topspin’s VP of artist relations and services, during the digital panel: "How long were you at Interscope? Ten years? You used to be The Man, but now you're the guy."

For exclusive video interviews with artists and top execs at the Billboard Country Music Summit, click here. For full coverage of the BCMS, click here.