Squidward is on his lunch break and he spots his arch-rival from high school, Squilliam, who is very wealthy and succeeded in everything Squidward failed at since high school. Squidward says he owns a five star restaurant and it has great food. After successfully asking Mr. Krabs if he can run the restaurant for one night, Squidward makes Mr. Krabs the cook, SpongeBob the waiter, and Patrick the coat-taker. When Squilliam comes, SpongeBob is the best waiter ever because he emptied (literally) his mind of everything except fine dining and breathing. Squilliam loves the restaurant and asks for SpongeBob’s name. SpongeBob does not remember his name and in a mental breakdown ruins the Krusty Krab.
SpongeBob wants to get into the Salty Spitoon, the toughest club in Bikini Bottom. The guy at the front door says he is a weenie and has to go to Super Weenie Hut Jr.’s. SpongeBob gets Patrick to fake a fight with him so he can get into the Salty Spitoon. The plan works but when SpongeBob gets in he slips on an ice cube. The next thing SpongeBob knows, he is in an ambulance on the way to hospital.
Mr. Krabs loses his first dime, and accuses Squidward of stealing it. Furious, Squidward quits, and sets out to make his dreams of becoming a star come true. However, his pursuit fails to see anything new happen to him, and he becomes homeless in the process. SpongeBob lets him move in, but Squidward quickly takes over.
The Krusty Krab makes a commercial, starring Mr. Krabs, Squidward, and Pearl. SpongeBob is in it, too, but only the very top of his head can be seen from the dining area, and only his chest is seen on a close-up of a Krabby Patty. When he heads to work the next morning, SpongeBob is completely convinced that his few seconds on TV would make him a star to many, even though his face was never seen, and the inflation of his ego gets in the way of his kitchen duties.
A health inspector comes to the Krusty Krab and Mr. Krabs thinks he is an impostor looking for free food. SpongeBob and Mr. Krabs give them a patty covered in nasty things like toilet water and toenail clippings. The health inspector swallows a fly and chokes, causing Mr. Krabs to think he killed the inspector. They try to get rid of him by burying him and then putting him in the freezer, all the while having hide this from the police. They eventually confess, but they find out the health inspector was not dead after all, and he passes the Krusty Krab.
SpongeBob buys a new TV but just the box so Patrick and him can play in it. Squidward takes the TV, but cannot concentrate due to SpongeBob and Patrick playing with their “imagination” outside in the box. Squidward thinks they are acting dumb, but he keeps hearing realistic sounds though the box is stationary. One night he sneaks into the box to figure out how they were making those noises, and in resignation he pretends to drive a race car, and the sounds he hears are realistic. In actuality, the box gets lifted by a garbage truck and gets taken away to a dump.
snowstorm hits Bikini Bottom, thanks to a glacier that settled above the city. For SpongeBob and Patrick, this means snowball fights. An attempt to recruit Squidward is unsuccessful, as he finds such an activity to be immature, until the prospect of his neighbors injuring each other entices him.
Mr. Krabs sells a blanket full of junk, among them a novelty soda-drink hat, which SpongeBob purchases. When Mr. Krabs learns that the hat is rare, and worth a million dollars, he tries everything he can to get it back. In the end, when he gets the hat back, it is revealed it is now worthless, since they found a warehouse full of them. Then, SpongeBob comes with his new hat, and it is worth even more money-a billion dollars. Mr. Krabs then cries.
SpongeBob finds a pencil that fell down from the surface, and whatever he draws comes to life. SpongeBob draws himself but it turns evil and SpongeBob and Patrick go after it. They catch and erase it, but his arm didn’t get erased. DoodleBob comes back at night and redraws himself. They battle, but once DoodleBob steps on a piece of paper, he gets stuck to it. SpongeBob traps DoodleBob in a book, and the drawing becomes part of the paper. SpongeBob returns the pencil to the surface where it came from.
Mr. Krabs and Plankton play cards. Mr. Krabs is confident, (”I’ve been taking him to the cleaners every day for fifteen years! I never lose!”) so he bets SpongeBob’s contract and loses. Mr. Krabs has to give SpongeBob to Plankton. SpongeBob doesn’t feel normal at The Chum Bucket so Plankton tries to appeal to him to feel normal and make a Krabby Patty. Eventually, Plankton takes SpongeBob’s brain out and puts it into a robot, but even that doesn’t work. In frustration, Plankton gives SpongeBob back to Mr. Krabs, and he gets his job back.
