Fred invites Grady over to watch Wheel & Deal. But he's worried about getting a present for Lamont's birthday. Bubba enters and tells them that he's got tickets to that game show.
Lamont asks his father to decorate the place for his surprise birthday party. But Fred is not there.
Fred, Grady and Bubba are on the game show, Wheel & Deal, hosted by Harry Monty. Harry approaches Bubba (dressed as a Viking) offering $500 for a tube of lipstick. Then Fred and Grady arrive late (Grady in a fairy princess costume; Fred in a gorilla suit).
Harry deals with Fred offering him either the box or curtain #1. Fred takes the box and passed up a convertible! But in the box is a new color tv! Harry then offers Fred to trade the box for Curtain #2. Fred takes no chances, pulls down the curtain and gets a fancy watch!
At the party, Lamont and the gang are dancing. Suddenly the lights go out. When they come back on, Fred's dancing with Aunt Esther. As usual, they trade insults and the crowd leaves Lamont's party, dissappointed with Fred.
The next day, Lamont told Fred that Grady explained the whole thing. He pawned the watch for a cheaper one and got Fred a new color TV!