Laverne and Shirley's tv breaks down, and when the contest offering a prize of a new color set arises Shirley acts nice to Richie Cunningham so that he'll ask her and Laverne to the dance, but also the real reason is that they want Richie to ask his friend Potsie Weber, who happens to be the school's best dancer, to partner Laverne. Potsie gets injured and can't dance so Laverne teams up with Richie at the last minute to win the TV. When back at the flat, the girls have to come clean about them just wanting the TV, but the guys are so nice about it that they get a little of what they were hoping for anyways.

After a party at the brewery, Laverne comes home to find she's wearing a pair of men's boxer shorts. She starts to feel ill in the mornings but was so drunk the night before that she can't remember what happened. She fears that she's pregnant. So Lenny and Squiggy have a contest to see which of them will ask Laverne to marry them, Lenny wins and in a touching scene proposes to Laverne, of course in the end we discover that Laverne is not pregnant and that she was wearing the boxer shorts because she had been made an honorary guy at the brewery.