Certainly! Let's see what happens next in this colorful encounter:

--

Magolor* (bobbing around helplessly) Ruler of rifts, indeed... Magolor the Magnificent, more like Magolor the... the... Inflated!

Mettaton* (striking a dramatic pose) Oh, don't beat yourself up, darling! Here at the Mettaton Show, we always aim for a big finish, and you've literally expanded our horizons!

Alphys* (enters, flustered and carrying a strange device) Oh my gosh, Mettaton! I saw what happened from my lab. I-I-I can fix this!

Magolor* (with both hope and embarrassment) A-Alphys, was it? Can you restore me to my original, svelte self at once?

Alphys* (holding up a device and nervously flicking switches) I th-think so! This is an anti-inflation reversal ray. It should d-deflate you without a p-pop!

Mettaton* (gleefully) But wait, Alphys, darling! Think of the show. We should give the viewers a moment to say goodbye to our round friend here.

Magolor* (groans in discomfort) Must I endure such indignities for the sake of your viewers?

Alphys* (hesitates, eyeing Mettaton) W-well, I suppose a few more seconds won't h-hurt. Okay, on the count of three!

One...

Two...

Three!

Alphys* (activates the device with a beep; a ray emits toward Magolor. He starts to deflate with a hissing sound, spinning wildly)

Magolor* (voice pitching up and down comically) What is this sensation?! I demand dignity!

Mettaton* (commentating) Viewers, look at how gracefully our guest is returning to his original form, spinning like a top on the way down!

Magolor* (once fully deflated, laying on the ground panting) Dignity... fully... expended...

Alphys* (rushes over) Are you okay? I'm so sorry! We didn't mean to make fun, I just... you know, science got away from me.

Magolor* (steadying himself) You there... you've got potential, Alphys. Your science... it's compelling. Very well! Consider your show spared from my conquest... for now.

Mettaton* (laughing) Ah, nothing like a happy ending, right, viewers? And remember... the camera loves you, even when you're blue!

--

With Magolor's dignity a bit deflated but his powers intact, it seems our characters have come together for an unforeseen comedy of errors!