When Wally informs his parents that he would like to buy his first car, Ward is reluctant to agree to go along with his son's plan, especially after Wally lets him know he already has a car in mind that he'd like to buy. It is only after Wally agrees to talk to Ward's insurance agent, that Ward agrees to the big purchase, but with a few conditions involved: Wally has to maintain his grades in school and Ward wants to make sure it runs safely.

After Beaver wins an expensive gold locket at booth at the carnival, Gilbert talks him into giving it to a girl he likes in class instead of either selling it for some quick money to Eddie or giving it to his mother. When the girl's father finds out about the gift, he makes her give it back to Beaver, resulting in June thinking that Beaver is the recipient of the gift.