Oscar owes Texas football team owner Billy Joe $500 for a poker game. Lacking the money to pay, Oscar resorts to tricking Felix and his band to pay off the debt by playing at Billy Joe's country style party.
Felix takes Edward Villella's ballet appreciation class (along with a reluctant Oscar), but when the dancer threatens to miss a children's recital of Swan Lake, Felix commandeers the lead role.
After repainting the apartment, Felix gets the redecorating bug and does the entire place over in ultra modern furniture. Oscar can't stand it, and redefines "bad taste" in his makeover with furniture from a discount house.
When Oscar burns up Felix's bed, he tries to set things right by suggesting Felix appear on Let's Make a Deal, hosted by Oscar's college friend, Monty Hall.
To spare Oscar's visiting mother, who is oversensitive about divorce and doesn't know about their situations, Felix, Oscar, Gloria and Blanche must pretend they're still married.
Felix takes a writing course, showering a weary Oscar with pathetic poetry, but Oscar suspects a fraud when the teacher compliments and encourages him.
This Rashomon-style episode shows Blanche and Oscar's last day of marriage from three viewpoints including Felix's, all three portraying their raconteurs as saintly victims.
With Felix out of town, his grandfather mopes at the apartment after breaking up with his wife, and turns out to be as jealous, neurotic and fastidious as his grandson.
Oscar is in a hurry to go to a sportswriter's dinner, but they have to wait when Felix brings home an unexpected surprise -- a baby left behind in his studio.
In a parody of A Christmas Carol, Felix and the poker players become Dickens characters in a dream after a miserable Oscar refuses to be Scrooge in a children's play.