none said:

Aluminum Falcon, would you happen to know what those cut off characters said?

I was actually going to ask you that. Honestly, I can't read them since it's just the bottom of the letters. They are present throughout the entire film though; it maybe something added during the mastering to VHS tapes because I don't see it on the laserdisc.

Audiences back then might not have been able to see it because the TV overscan would cut it off...

It's on my personal transfer of the NTSC 1982 Rental VHS, as well.