New neighbor Sammy Gilson the songwriter is upset and creatively blocked due to marital woes, so George tries to cheer him up but has an ulterior motive: he wants Sammy to write a winning publicity jingle for Jefferson Cleaners.
One of George's stores in Brooklyn catches fire and is heavily damaged. When faulty wiring is suspected, Tom encourages him to file an insurance claim and hold the man responsible for the bad wiring. Bad news: Lionel installed the wiring!
Lionel and Jenny's apartment is burglarized and looted. George worries that the crime wave will spread to his "deluxe apartment in the sky" and is determined to buy some insurance ... in the form of a gun. Louise totally objects, and is outraged when George goes behind her back to buy one. George finally realizes that a gun is a dangerous investment when little Jessica accidentally fires it and barely avoids shooting herself.
The Jeffersons' and Willises plan a surprise party for Florence, but their cover story hurts her feelings so badly that she skips the event and commiserates with Ralph over their mutual lowly-servant status.
One of the delivery boys at Jefferson Cleaners is robbed at gunpoint by a street gang ... made up entirely of female hoods. When George goes to confront the female gangsters, they easily subdue him and then stab him. While he is writhing in pain on the sidewalk, the girls help themselves to Louise's ring George was taking to have reset as an anniversary gift.
It turns out that George is OK and will recover, but while recuperating, he contemplates a plan to get Louise's ring back from The Strays (the all-female gang whose members nearly killed George), despite her objections. George decides to hatch his plan for revenge anyway, knowing full well that the consequences could be far more severe.
A record company talent scout hears Florence sing in church and offers her a chance to cut an album. But George gets suspicious and thinks the man is nothing but a common swindler out to take Florence's $1200 life savings.
The cast plays in a Western spoof, with Florence as a waitress, Ralph an undertaker, George a gunslinger, and Louise a help counter proprietress. Tom is a bumbling cuckold who faces an outlaw that has come to steal brazen adulteress Helen.
George refuses to accept blame when Tom's pants come back from Jefferson Cleaners with a permanent stain. So Florence suggests they settle the matter by fighting it out on a popular TV court show called Video Verdict.
Charlie the bartender borrows money from Tom to upgrade the bar and boost business with scantily clad waitresses. Louise and Helen take action when they feel that the changes are sexually exploitative toward women.
Dede Sanderson, the tenant in apartment 8-B downstairs, is having an affair with a man named George, so Ralph the doorman jumps to the conclusion that George Jefferson is romancing Dede and being unfaithful to Louise.
After learning that Tom Willis made money from George's successful stock tip, Florence and her fellow building maids pool their money, form a consortium, and enter the stock market themselves by using George as their advisor.