When Arnold faces a streak of bad luck, he is given a lucky cricket to help him out. Arnold's fortunes soon change and he tries to use the cricket to get out of trouble with the Gooch, but the cricket escapes and Arnold has to come up with a back-up plan.

Arnold struggles to find a subject for the school's journalism contest. When he discovers that drugs are being sold at the school, he sets up a meeting with the dealer so he can write about it. First Lady Nancy Reagan speaks to his class about the dangers of drug use.