It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:
Cedar Fair L.P: "I really do like Cedar Fair. I happen to like Six Flags more because I think it's got a little better growth...But Cedar Fair has done really well. It's just that Six Flags has done even better."
Banco Santander: "I'm not happy with Santander. I think it should be doing better. The rest of Europe is coming back. I don't want to sell it at the bottom here because it is inexpensive. But boy they really have not done a great job, and I have to be candid about that. They really haven't."
Mylan: "They're doing a lot of things that I'm not crazy about. If you take a look at what they are doing with Perrigo, which you know I really like because I've had them on [Mad Money] so many times, I just don't like what Mylan is doing. So I would say walk away from it."
Fitbit Inc: "I think Fitbit, while expensive, represents a terrific way to be able to stay in shape as part of the health and wellness trend. We saw Oprah with buying the stake in Weight Watchers, I think Fitbit is very much the modern way to do things. That is to compete against others and to compete against yourself. I know the stock is expensive, but I think it's not going away as quickly as a lot of other people do. It's more than just a one-trick pony."
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Centurylink: "I'm not going to reach for yield. I know it yields 8 percent, and people say 'oh I really want that.' I've got other situations that I like. I've been doing some oil patch stocks and some of the real estate investment trusts that have higher yields. Master limited partnerships, I feel safer about those."
Cisco Systems: "I think the stock is inexpensive, I think that the enterprise spending is coming back. If it goes down on IBM I would buy it, because Chuck Robbins [CEO] is doing a lot of good stuff. 3 percent I like Cisco and the charitable trust owns it."