The context of the following conversation is Lee wasn't happy with the way the speech turned out. Lee gave their speech a rewrite.:
Lee says The speech seemed awkward and bulky even after two rewrites..
The friend responds I think you've edited enough times..
Lee responds I gave it another rewrite. Third draft's a charm..
The friend responds Are you finally satisfied with the contents?.
Lee responds Yes, and since it's less awkward, it's easier to memorize as well..
The friend responds Do you mind if I read it first?.