Is this cat saying 'I love you?' Watch the clip, take the poll.

Two nights ago, my wife came running in from the yard, telling me there was a crazy fight going on between two cats and she was worried about them. I grabbed my trusty iPhone and went out to record the action. We were surprised that there was no fight, but there was a 'conversation' happening.

My wife and I still hear the cat saying 'I love you' but who knows that means? (Neither of us is fluent in Feline.) What do you think?