A local teen center is in serious financial trouble and the gang tries to come up with a way to save it. They finally decide to put on a benefit show and Rerun has someone in mind who will be sure to attract attention, Sammy Davis, Jr. However, Rerun does his best to get a hold of Sammy but soon realizes he must announce that Sammy won't be coming to the benefit.
When another classmate drops out of a high school campaign, two attractive girls talk Dwayne into running. When the news reaches his dad's ears, Dwayne can't even get a word in to tell him he doesn't want to run but eveyone convinces him that he would be perfect. However, the worst is yet to come, when Dwayne learns that there will be a debate between him and the other candidate.
Big Earl has been coaching Little Earl's basketball team and has been pushing the kids constantly to do their best, so when Big Earl gets an undercover assignment he must get a temporary coach and finds one in Dwayne. However, Dwayne proves to be the exact opposite of Big Earl and suddenly the team is finding themselves winning a game for a change. This leads the team to decide whether or not to keep Big Earl.
After reading an article in a newspaper, Raj learns that Mama's house was once used as a hideout by some bank robbers and that they may have hid some loot somewhere in it. This leads him, Rerun, Dee, Dwayne and Shirley on a mad search for the money. Meanwhile, they are all unaware the the bank robbers are plotting to come back to claim their money.
Rerun and Raj have gotten a new landlord and he has been totally neglecting all of the repairs that are needed in the apartments. Fed up, Rerun calls a tenants meeting and Raj is roped into handing the landlord a list a demands. However, things don't go quite as planned and the landlord evicts Raj and Rerun which forces them to move into the Thomas household with Dee and Shirley.
Rerun has one of Rob's hamburgers and suddenly becomes ill. He is taken to the hospital and it's assumed that he has food poisoning. Suddenly, Rob finds himself with no business since no one wants to take a chance eating his food. However, Rob has bigger problems on his hands when a greedy Rerun decides to sue Rob's place for $100,000.
Dwayne gets a new job in concessions at ball games and the owner wants him to handle all of the games all over town. Dwayne quickly realizes the job could turn into a full time employment and considers quitting school. However, he has serious doubts thanks to a talk from Raj and Rerun. This all leads to Dwayne having a crazy dream about the future.
Raj and Rerun each have a girls, April and Cindy, in their lives and finding free time to spend alone in the apartment is a challenge. Soon, it becomes a bet to see how far each one can go with each girl. Rerun ends up striking out with both of them but Raj, hits pay dirt with April, who happens to be the girl Rerun has his heart set on.
The Christmas spirit has touched everyone except for a burglar who has just robbed Rerun and Raj's apartment. As he's getting away, Raj and Rerun inadvertantly help him, leaving them with only a glimpse. Thus, when they're asked to pick the robber out of a line-up, Raj and Rerun just aren't positive if they identified the right guy.
Rerun gets a credit card and goes on a spending spree, buying everything in sight from food processors to new furniture. He soon applies for more credit cards and quickly finds himself sinking into debt but he continues to spend totally refurnishing the apartment. He takes out a loan, but soon finds a repo man on his doorstep.
The rent is due for Raj and Rerun's apartment but they are short since Raj hasn't been able to find a job. When the landlady stops by to collect the rent she takes Raj aside and tells him not to worry and then proceeds to give Raj signals that convince him that she's interested in him romantically. Raj soon begins acting more mature since she's in her 30's and he's 19.
Shirley brings some homemade cookies into Rob's Place as a gift for Rerun and the guys and they are so taken with how good they are that they suggest that she try selling them at Rob's. She decides to try it but soon finds that her small business venture has attracted the likes of a con man who talks her into a long-term contract that is binding.