It's the 35th anniversary of Sanford & Son Salvage and Lamont has two gifts planned to give Fred. The first is a new window with the specially printed title of their business and the other is an expensive ring that everyone has chipped in to buy. However, when Fred runs across it, he becomes convinced that it was stolen from Frank Sinatra, after Frank's hotel room was ransacked by the Tip-Toe Bandit.

Lamont's friends Julio and Ah Chew are getting on Fred's nerves and Lamont takes on the challenge of trying to change Fred's bigotry towards minorities. When Lamont fails, he decides to move out and in with Julio, something that unnerves Fred who doesn't seem to get use to the arrangement.