Cory learns the value of a dollar when his parents will not buy him an expensive water gun for the neighborhood water gun "fight". He soon strikes up a deal with Mr. Feeny: Cory will paint Mr. Feeny's shutters, and be paid the money needed to buy a new watergun.

Cory decides that he wants to change his hairstyle, but it takes a turn for the worse, leading him to join a group of social outcasts.