Toast's excitement at winning a part in a new play is tempered by two facts. One, his nemesis Ray Purchase is also in it. Two, there's a rumour his director, Acker Herron, has a history of murdering difficult actors. Romantically, Toast has to choose between his old RADA contemporary, the fun-loving and beautiful Greta Cargo, and a prostitute.

Toast's new girlfriend, the aristocratic Portia de Coogan thinks it's about time Toast met her father Lord Fotheringham. To make the best impression, it's vital Toast works on his sense of humour. Seeing as he doesn't have one, this may prove a challenge. Professionally, some voice over work for the Royal Navy leads to a terrifying visit to the launch of their latest submarine...The Penetrator.