This sound is from Down Periscope (1996)

Down Periscope is a hilarious comedy movie released in 1996 that revolves around naval warfare and submarines. The film centers on Lieutenant Commander Thomas Dodge, played by Kelsey Grammer, a laid-back naval officer who is given the command of a World War II-era diesel-powered submarine called the USS Stingray. Tasked with proving the capabilities of his outdated submarine against a state-of-the-art nuclear sub, Dodge assembles a crew of misfits and goofs, including the likes of Lauren Holly as Lieutenant Emily Lake, Rob Schneider as Executive Officer Marty Pascal, and Harry Dean Stanton as Chief of the Boat Howard. Throughout the film, Dodge and his motley crew must face various challenges and hilarious mishaps as they navigate through an array of comedic situations.

If you're interested in the funny and memorable sounds from the movie, you can play and download them here (include a link if applicable). Experience the joy and laughter that this film brought to audiences around the world with its talented cast and witty storyline.