After a disastrous attempt at stand-up comedy, Dr. Zoidberg informs the crew that his uncle Harold Zoid was a star in the silent hologram era. Zoidberg writes to his uncle, asking for help with his comedy act. The washed-up Harold Zoid sees this as an opportunity to restart his career. The crew sets off for Hollywood.
While taking a bus tour of movie stars' homes, Bender leaves the tour, and scams his way into employment as Calculon's water heater. Shortly afterward, Zoidberg meets his uncle in a fancy restaurant. Harold Zoid tells him to give up comedy, and that he needs Zoidberg to finance a drama to the tune of a million dollars. Always a source of bright ideas, Bender tells Calculon that he can star in the movie if he provides the production money. Calculon initially refuses; but after learning Harold Zoid wrote the script, and getting a guarantee from Bender that he will win an Oscar, he accepts.
The film, The Magnificent Three, is a story about a son (the Vice-President of Earth) not wanting to follow in his father's (the President of Earth) footsteps. Unfortunately, the movie is terrible; and at the premiere, the entire audience walks out. A furious Calculon threatens to kill Bender, Zoidberg, and Harold Zoid if they can't find some way to get him an Oscar.
Zoidberg and Bender set off to rig the awards; meanwhile, Leela and Fry are busy attempting to free their ship from the La Brea Tar Pits. When the awards reach the Best Actor award, Dr. Zoidberg tosses presenter Billy Crystal off the stage, and takes his place. In place of the fifth nominee, he substitutes Calculon. But when he sees his uncle's depression at being a has-been, Zoidberg announces him as the winner. Calculon, somewhat chastened by Harold Zoid's acceptance speech, decides not to kill him or the others. Fry and Leela eventually escape from the tar pits and are allowed to enter the awards ceremony when the skeleton they are dragging is that of Sylvester Stallone.