George quits his job in a huff, but comes to regret the decision, and is later humiliated by his boss. Jerry believes that the man at the laundromat has stolen a large sum of money from his laundry bag. Employing Elaine's and Kramer's help, respectively, they each plan revenge.

Jerry and Elaine establish a new set of ground rules so they can remain friends but still sleep with each other often. With Jerry in a dilemma to find Elaine an "appropriate" birthday gift and with George's skepticism, their new deal is doomed from the start.