After losing his lunch money for three days in a row, Ward gives Beaver one last chance by letting him handle his haircut money. However, when he loses that too, Beaver decides to give himself a haircut just days before he's scheduled to be an angel in a play.

After a weekend spent at the movies goes awry for Ward, he decides the boys should spend their weekends outside and plans a camping trip. However, when Ward's called into work, Wally and Beaver decide to camp out in the backyard.

Wally and Beaver are helping Ward clean out the garage when they run across Beaver's old teddy bear, Billy. Beaver reluctantly throws him away after Ward and Wally tell him he's too old for dolls. However, Beaver changes his mind but he's too late, the garbage truck came, which leads Beaver to take drastic measures to get him back.