In a flash-back, after being jilted by Mira, Malcolm & Eddie meet each other for the first time at Eddie's wedding. Malcolm consoles a jilted Eddie after his bride-to-be left him standing at the altar, by relating his own disastrous trip to the altar.

After discovering that Eddie spent all his money on electronic gadgets and has no money left to reinvest in their new business venture, Malcolm and Eddie join forces to find a way to re-open Malcolm's former bar as the new Fifty/Fifty club.

Business partners Malcolm and Eddie open a jazz club with Malcolm's money. And after Malcolm throws it up in Eddie's face and wants to make all the decisions, Eddie looks for ways to raise his share of the money.

The guys pull elaborate Halloween pranks on each other at the club's annual Halloween costume party. But then things really begin to heat up when the guys meet 2 aspiring fashion models in the adjoining motel room.

Malcolm and Eddie each meet the girl of their dreams. Malcolm's girl is sweet & demure and likes to cook for him. Eddie's girl is a ""straight-up hood-rat"" that likes to drink 40 ounce bottles of beer. The men eventually find out that their dream girls are one and the same, as she is someone who takes the concept of ""I'm Every Woman"" to the extreme.

Non-church-goers Malcolm and Eddie accidentally volunteer to teach Sunday school while visiting at Nicolette's church and find that they have a knack for public speaking.

Malcolm & Eddie's business is booming at the club, so they decide to expand the club to increase business even further. However the building owner jas just recently rented out the empty space next door, and now the new tenant, who is opening a dance studio, will have to move in order for the guys to expand the club.

A wealthy tycoon challenges Eddie to a high-stakes game of golf.

Malcolm suggests Eddie settle his differences with an ex-con in the boxing ring.

Malcolm's estranged brother comes to town, igniting old tensions, but reviving old family ties. Meanwhile, Nicolette takes a job in a bowling alley, and tries to get along with unruly customers.

Nicolette walks out on Malcolm and the bar, when an unruly customer gives her a hard time and Malcolm doesnt stand up for her, and takes advantage of her friendship. Nicolette finally teaches Malcolm a lesson about what friendship is supposed to be. Meanwhile Leonard bares his soul to an attractive customer who he has a crush on, but gets rejected.

Nicolette stays with Malcolm & Eddie while her place is being painted and her quirks & habits drive the guys crazy.

Its Nicolette's 30th birthday, and the gang decides to have a surprise birthday celebration for her. But the thought of turning 30 without ever having had a baby is too much for her to handle. So Nicolette asks Malcolm to father a child for her, and to do it via artificial insemination.

Eddie seeks justice on a televised court show ""Citizen's Court"" after Malcolm allows his hats to be stolen from his car, while taking them to the cleaners. Malcolm had left the windows down and the car unlocked.

Malcolm and Eddie receive tickets and all expense paid trip to New York to appear on a panel for a sports fanatic show, on the Jerry Stein show. So the guys show up for the taping dressed in weird sports-fan attire, but are unaware that they are actually on a talk show about devil worshipers. They can't understand why the audience is jeering and booing them, until the rest of the panelists come out on the stage.

The Fifty/Fifty Club is ransacked after the guys refuse to pay protection money.

Nicolette prompts the guys to offer a ladies night, including male strippers.

A contractor (Coolio) consults Malcolm and Eddie about building a club in Chicago.

The staff of the Fifty-Fifty club goes on strike and Malcolm and Eddie refuse to budge on their labor negotiations. But chaos soon ensues in the club, forcing the guys to give in to their worker's demands.

As the profits from the 50/50 club begin to grow larger and larger, Malcolm and Eddie clash over whose money-making strategy is best. Malcolm believes in investing his money in the stock market, while Eddie believes in betting on horse races.

A gorgeous bandleader (Cindy Herron) breaks up Malcolm and Ashley.