Dino Spumoni is found missing and then declared dead after what appears to be a suicide attempt. but Arnold finds out that this isn't the case, and he secretly lives in the boarding house, believing that his work will skyrocket in value after his "death".
Arnold's Grandpa recalls his adventures as a soldier in the Second World War, outwitting a regiment of Nazis, while Gerald's dad, Martin, remembers his own time serving in Vietnam.
Arnold's classmates are tired of constantly telling them the right thing to do, so he stops giving them advice. Nevertheless, when his classmates get into sticky situations, they are in desperate need of his advice.
Arnold and Helga must care for an egg for a school project about parenting. Meanwhile, Rhonda and Harold are project partners and must also take care of an egg.
Crisis strikes when Gerald's little sister, Timberly, eats a stock of chocolate turtles that he and Arnold are supposed to sell for a local scout organization.
A sleep-talking Helga confides into Bob's parrot about her love for Arnold. The next day, the parrot flies into Arnold's window, and it is up to Helga to get it.
Helga wants to show Arnold that she can be as sophisticated as Lila is by taking him, Gerald, and Phoebe out to dinner with a coupon she won. She devises a plan to get out of paying when she discovers they're at the wrong restaurant.
Gerald's older brother Jamie O has a sudden burst of kindness when he finds a girlfriend, but Arnold and Gerald soon find out that the girl is just using Jamie O.
After Sid works off a debt with loan shark Big Gino, the two become friends, but when Sid is told to give Arnold a swirlie, he has to choose between the two.