After Lucy gets several months behind in all the bills, Ricky hires a no-nonsense business manager who puts her on a strict budget. Lucy comes up with a scheme to get some extra money that soon has her rolling in cash.
Convinced that his wife never likes the presents he buys for her, Fred asks Lucy to secretly find a birthday present for Ethel on his behalf. Lucy agrees, and later is with Ethel when she happens to find the gift-wrapped package in a closet. Ethel is less than excited about it, complaining that Fred has a history of giving her horrible gifts. Lucy urges Ethel to sneak a peek at what's inside. Reluctantly unwrapping the gift, Ethel pulls out a pair of strange-looking pants, gives them a quizzical glance and exclaims, "Well, he's done it again." Lucy hides her dismay, ...
Lucy insists in learning to drive the new car so she can help with the driving on the way to California. After one bad lesson, she tries teaching Ethel how to drive. Ethel ends up wrecking the car before it has insurance.
When Variety reports that M-G-M has shelved its "Don Juan" movie, Lucy is afraid that she and the gang might have to leave Hollywood. She schemes to find a man to pretend to be a producer interested in Ricky, thinking this will convince studio head Dore Schary to put him in another film.
Lucy is frustrated that Ricky is waiting in Hollywood while MGM tries to find a movie for him to star in. She pretends to be his new agent and confronts the MGM brass, saying he has an offer to do a big Broadway musical. Instead of putting him in a movie right away, MGM releases Ricky from his contract.