Maude has decided that Henry Fonda would make the perfect President of the United States and starts a campaign to get him elected, with or without his approval. Meanwhile, Maude's bizarre reasoning and plans for this campaign lead Walter and Carol to worry about Maude's mental stability and learn from her doctor that she is a manic depressive.

Maude stages a tribute to American women for the Tuckahoe Bicentennial celebration and all the men are convinced it is a money losing proposition. After seeing some of the practice performances, the man who owns the studio pulls out. However, it seems that all the men were wrong, soon the show is sold out.