Lucy's women's club wants to stage an operetta, but they're completely broke. (Lucy, the treasurer, seems to have spent it all to pay her own bills.) Thus, Lucy and Ethel write and star in the musical, but when their postdated check bounces for the costumes and scenery, the rental company repossesses everything in midperformance.

The Ricardos give the Mertzes a television set for their anniversary, but Ricky's zealous tuning causes it to blow up. Fred retaliates by breaking the Ricardos' set (by kicking it!) The foursome end up in court, where they manage to destroy the judge's TV, too!