Kramer joins the "Polar Bear Club." Jerry gets one of Kramer's Pez dispensers which makes Elaine laugh during a piano recital of George's girlfriend, and that puts their relationship in jeopardy. Kramer has an idea for a cologne that smells like the beach and suggests that George make a preemptive breakup with his girlfriend, that will give him the "upper hand." The Pez dispenser has a remarkable effect during a drug confrontation.

After selling each other on the idea, Jerry and Elaine sell George and Elaine's friend on a blind date, then they await the results. They promise to keep each other updated with "full disclosure," though that doesn't happen. There also may be a problem with a defective condom.