Cosmo's brother, Schnozmo, comes to visit, claiming to be a secret agent. When he turns out to be nothing but a wallet-stealing, dining and dashing con man, Cosmo is heartbroken. To restore Cosmo's faith in his brother, Wanda and Timmy force Schnozmo to take part in a fake mission.

When Timmy visits his dad's office, he wishes a pencil that will last forever so that his father will get in better standings with his mean boss, Mr. Ed Leadly. Later, however, when Mr. Leadly finds out that Timmy was the one who came up with the everlasting pencil, he makes Timmy the new boss and his first task is to fire his dad.