Welcome to the Chum Bucket:
Mr. Krabs goes to the Chum Bucket to play cards with Plankton. Is this bad? Not really. Mr. Krabs has never lost a game against Plankton for the past fifteen years. Except one evening. Plankton beats Mr. Krabs and the cheep crustacean loses not money, but his own five star frycook! SpongeBob is now Plankton's only employee and everything goes downhill for this nautical little invertebrate. After some temptations of being nothing but a spoiled brat, Plankton cuts out SpongeBob's brain and puts it into a robot! However, the RobotBob SpongeShiftPants is basically just SpongeBob with a metal butt. So just as the Krusty Krab is about to close down, Plankton gives up SpongeBob back to Mr. Krabs.
On a day like any other, an artist is painting out by the sea. The artist, however, loses his pencil at sea. SpongeBob and Patrick find it and they start to draw pictures with it. They discover something about it that they would have never guessed. Whatever you draw with it comes to life! They are having a lot of fun with the magic pencil until they pull a prank on Squidward. SpongeBob draws a copy of himself, but it turns out to be more evil than he could have ever imagined, and it ends up stealing the pencil. The two invertebrates chase the doodle around town and, after a showdown with the evil doodle, SpongeBob erases it down to nothing... except he forgot a part, a hand! But this hand turns out to be resilient enough that it sneaks into SpongeBob's house and redraws itself. The evil doodle chases SpongeBob around the house, erasing everything in sight. After a pencil duel, SpongeBob finally defeats his little Frankenstein with paper. Then the next day, SpongeBob and Patrick return the pencil to it's rightful owner. All seems well, until the artist realizes he forgot a pencil sharpener after his breaks.