Lamont is a judge for the Miss Watts Business Wife and the winner of the pageant wins $1,000. Fred quickly makes it clear that he will do anything to get his hands on the money. He even agrees to transform Aunt Esther into an elegant beauty as part of a bet he has with her husband, Woody.

Saturday night sees Fred heading over to Donna's for a date that he didn't tell her about before hand. Once he arrives, he discovers Donna already has a date with a man who's won the decathlon every year in the Senior Olympics. Wanting to outdo him, Fred decides to compete in the Olympics this year and beat his romantic competition.