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.
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.