Desperate Al and Steve put their heads together seeking solutions to impending baldness when Steve begins to notice his receding hairline, whereas Al doesn't care at all. After unsuccessfully trying some hair tonic for themselves, Steve tries joining a club for bald men called Bald American Dudes (BAD) and brings Al along with him who holds their latest meeting at the shoe store.
After the death of his longtime barber, Al lets his hair down rather than tolerate a visit to a stylist or a salon... staffed by women. When Al backs down and goes to a salon, he gets a really bad hairstyle that makes him look like a woman.
In the infamous 'lost episode', Al and Peg learn they have been video taped getting intimate at a sleazy motel. The same thing has also happened to Steve and Marcy. They decide to take the matter to court.
The Bundy's go out to a fancy restaurant to spend a great windfall, an inheritance check for $237 from a late uncle of Peggy's. But it becomes apparent that the fine dinning in public is not a part of the dysfunctional Bundy lifestyle, which makes matters worse when Al forgets to bring the check.
Al finally convinces Peggy to contribute to the household income but feels emasculated when Peggy starts bringing home huge "commish" checks from her cosmetics sales job, earning more money than Al, himself. Even Al's new part-time job as a crew member at Burger Trek can't put him back in the lead as family breadwinner. Things go from bad to worse when Al finds the book containing the names of Peggy's customers.
While driving Peggy back from the video store, Steve gets cut off in traffic and Peggy gives the driver "the finger." Steve then asks the Bundys to come over at his and Marcy's house to watch some videos as protection when he's afraid of a violent reprisal when he is followed home by the man. When there's a knock on the front door, Al convinces Steve to take the first punch... and Steve ends up knocking down a midget.
After asking the Bundys to watch their house for the day, Marcy and Steve return to find a big hole where their house once stood. It seems that Peggy had earlier that day mistakenly told a wrecking crew looking to demolish Steve's Road House and she directed them to Steve 'Rhoades' house instead. So the Rhoades are forced to spend the night at the Bundy house. Meanwhile, Kelly throws a slumber party for four of her girlfriends, but Bud ends up disrupting it and turns it into a "cat-fight" riot.
Peggy spends $2,800 of Al's hard earned money ($2,000 on phone bills, $500 on a new dress, and $300 on makeup) when she decides to attend hers and Al's high school reunion dance at Polk High, where Peggy makes a desperate effort to get herself elected prom queen. But she may be outdone by her old rival, Connie Bender. Also, Connie's husband, Jack, an old rival of Al's, eyes a possible fistfight they never had in school.
Peggy stands to lose the crown to Connie, until Al finally decides to stand up to Connie's husband Jack. Meanwhile, Bud and Kelly crash the party to pig out on some real food since they are never fed at home, where Peggy takes advantage of the fight between Al and Jack outside to get the kids help in rigging the election.
After his two best friends find dates for themselves, Bud is desperately seeking Susan, or any girl that will date him. So, Bud resorts to getting a life-size mannequin to pose as his date for the evening. Meanwhile, Al comes up with a million dollar invention for a shoe salesmen's convention that looks desperate, called "Shoe Lights"; he takes the headlights and battery out of the car and straps them on Kelly's shoes.
When a serial peeper is on the loose, Al makes the ultimate sacrifice to alleviate Peggy's despair about being the only one not fall victim. Bud must tutor Kelly so she can pass to the next grade, unfortunately in order to make room, new information pushes out old basic knowledge.
On Labor Day, the gender roles are reversed when Al becomes the loafing one while he forces Peggy to prepare the backyard barbecue for his creation of the famous "Bundy Burgers." But one of the secret ingredients to them are the ashes of Marcy's dead aunt which was stolen by Kelly from the Rhodes house.
Kelly and Bud need to raise money for concert tickets for themselves, so Bud sells Al as a camping guide, and Kelly cheats at a poker game with Peggy's friends. With Steve and Bud along for the ride, Al has to take a bunch of kids camping and they end up stranded in the woods and only Buck can save them.
A toothache forces Al to see Marcy's dentist, a divorced man that devotes as much of his time to his work as he does to his young female dental assistant, who's ironically named T.C. At the same time, Al pressers Peggy to cook a square meal for him for just one day.
Peggy begins to suspect that Al is cheating because he seems to have a lot of different excuses on why he is coming home later than usual. Peggy meets Ginger at her beauty salon. Ginger is a young woman who admits she is sleeping around with another woman's husband and Peggy thinks it could be Al that she is sleeping with. Marcy goes to Peggy's salon and gets a new look, that Steve hates. Peggy is worried that Al is cheating on her and she is determined to get answers.
When a Playboy playmate walks into Al's shoe store, he's eager to get home and look up her October 1987 issue. But Al is a broken man when he finds out that Peggy has sold his entire Playboy collection to get money to buy a good luck charm to win the lottery. The ghost of Al's father later appears and convinces him to get some self-respect.
Al decides to open a shoe emergency hot-line with help from Steve in the form of a $50,000 loan. But typically, Al's get-rich-quick scheme backfires when nobody phones in. When Marcy gives Al a second $50,000 loan to repay the original loan, the Bundys and the Rhoades join together in a downward spiral of failure when Al instead sinks the second $50,000 into his failing shoe hot-line, which results in Steve losing his job at the bank, Marcy getting demoted, and Al ending up being the loser as always.
When the Dodge finally gives its death rattle, Al digs up his secret car-fund shoe box and trades the Dodge for a ride to the local dealership. When Bud opens the shoe box, he finds not $5,000, but a mere $800... and a red hair. Al spends the rest of the episode trying to buy something that goes "vroom!"
Newly unemployed Steve decides he doesn't really want to work, so he fritters away his days with the Bundys, visiting zoos and taking fishing trips. The strain this puts on Steve's relationship with Marcy who ends up going out with Al to a local bar where they swap stories about their failing marriages. But the conversation between Al and Marcy reaches its peak when Marcy has to decide whether to use the $25,000 reward she earned by foiling a bank robbery, sustaining a gunshot wound in the process, to buy a new car or to bail out Steve, who has been arrested for "...
Al has finally saved up a lot of cash to buy his family a ton of presents they want this year. Unfortunately, a mob of late customers in the shoe store prevents him from getting to the bank and retrieving the money he needs.