Sometimes you just don't have it. Tipsy realizes this and retires out of frustration.
He knows there's no "comeback". He decides to call it a day. No big deal.
Get a grip. Not everyone wants to fight until the bitter end. That doesn't label him a "quitter" or anything like that. When you play enough matches, you realize that sometimes there is just no coming back from the brink of defeat. So be it. Carry on.
Lois: "Peter, I'm not wearing any panties."
Peter: "That's ok, honey. We can throw that chair out."