Lamont advises Fred to donate a collection of Blind Mellow Jelly records to a music library for a tax write-off. After doing so, Fred finds out from an appraiser that the records are valued at five hundred dollars. Fred, with dollar signs in his eyes, has Bubba act as though he were the son of Blind Mellow Jelly in an attempt to get them back.

Julio's house has been transformed into Fred and Lamont's boarding house called The Sanford Arms. Now they've come to the task of finding some boarders and soon find themselves bombarded with an endless supply of crazies, including a hooker, an ex-con, a hippie, a newlywed couple, and Hoppy's eccentric mother.

The Sanford home has become a campaign headquarters for the candidate Bob Williams and Fred wants nothing to do with it. However, once Fred discovers, Della Reese is working on the campaign of Williams' opponent, he goes all out for it even thought he's not for the candidate.

Lamont's friend, Ah Chew cooks dinner for the Sanfords one evening and a wary Fred is quite impressed at how good the food is. This leads Fred and Ah Chew to start a takeout business together with the headquarters in the Sanford home. Fred soon realizes that they should expand the business and turn the house into a Japanese restaurant.

Saturday night sees Fred heading over to Donna's for a date that he didn't tell her about before hand. Once he arrives, he discovers Donna already has a date with a man who's won the decathlon every year in the Senior Olympics. Wanting to outdo him, Fred decides to compete in the Olympics this year and beat his romantic competition.

Lamont has been saving for acting school and has just enough money. Meanwhile, Fred sees a commercial for a get rich quick scheme and decides to give it a try. Thus, he invests Lamont's money in a supply of Whopper Choppers that he must try to sell. However, selling them is the hard part.

Fred has been watching way too much television and Lamont suggests that he go out and get some exercise. Fred scoffs and refuses which leads to an argument which results in the television breaking. Lamont refuses to get it fixed until Fred agrees to start exercising. Lamont later brings in a doctor to hypnotize Fred to help him get over his television addiction.