To please his boss (and possibly be promoted), Fred agrees to entertain a woman named Greta Gravel (voiced by Paula Winslowe) by taking her out for a few nights. But nothing goes easily in Fred's world, and Greta runs into Wilma, who shows up at the same restaurant with Barney and Betty. As Fred's bad luck would have it, Wilma and Greta were high school classmates. Fred can't be seen out with another woman (especially by his wife!), nor can he abandon his boss' business client.

Wilma has hidden cash to purchase a gift for Fred: a bowling ball. Fred finds the cash and, believing the money itself to be his gift, takes it and goes to buy the bowling ball. However, back at home, Wilma believes she has been robbed and reports the disappearance of the money to the police. Feeling guilty, Fred wants to return the bowling ball and re-stash the money. Meanwhile, Arnold the newsboy smells something fishy.

Fred and Barney's latest spat results in Barney's decision to sell his house. A rich Texan is very interested in the property, and Fred must come up with a scheme to keep his old buddy as his neighbor.