Plot

Susan's friends are in town for the Broadway production of Joseph And The Amazing Technicolor Dreamcoat. Kramer gets to wear the coat and is mistaken for a pimp in public when he accuses a local parking lot of running a prostitution ring out of his car. Jerry buys a jacket and later returns it for spite. Elaine tries to buy a dress from the same guy Jerry gets the jacket from, but is stunned to learn that he's holding it until Elaine sleeps with him.—halo1k

George is amazed at having found a relatively inexpensive parking lot. When Kramer finds a used condom in the car however, George checks out the lot a little more carefully and finds the owner may be making use of the parked cars for a little extracurricular income. Jerry is miffed at a salesman in a high end clothing store but Elaine gets along fabulously with him, even getting a discount on an expensive dress - or so she hopes. George's fiancé Susan has a friend staying with her and George, the wig master for a musical production. George and Jerry aren't keen on the guy.—garykmcd

When Jerry leaves an upscale clothing store without making a purchase, he feels guilty and promises that he will return. When the salesclerk Craig Stewart (Harry Van Gorkum), who sports a long ponytail, looks skeptical, Jerry decides to return (with Elaine), just to prove a point. But when they return, Craig is no longer interested in Jerry and almost immediately begins flirting with Elaine, much to Jerry's chagrin. Jerry buys a jacket to fulfill his promise to Craig. Craig promises Elaine a big discount on a Nicole Miller dress that she likes, but which has not arrived in stock yet. In her professional life, Elaine is writing copy for J. Peterman about an exotic silver-handled walking stick.

Jerry is convinced that Craig is working Elaine for sex and has no intention of giving her any discount on the dress. As Craig & Elaine go out, they are constantly in situations where Jerry, Craig & Elaine are standing together and yet people would assume that Craig & Elaine are a couple. This angers Jerry, that people don't think he is couples with Elaine.

Meanwhile, George and Kramer have begun parking their cars at a discount parking lot (Jiffy Park) because their rates are so low. However, after picking his car George discovers a condom inside and suspects that the rates are low because prostitutes are servicing their clients inside the cars. The lot is unable to retrieve Kramer's own car for him, but to placate him, offers him the use of another customer's Mary Kay pink Cadillac Eldorado. George sticks around to see whether the suspicious women hanging around are actually prostitutes. He offers one of them money for information but is caught by Susan (Heidi Swedberg) who assumes he is unfaithful. Susan warns George that she won't be with him unless she can trust him. This gives George an idea for a long-awaited exit from the relationship.

George has an unwanted house-guest in Susan's friend Ethan, who is the "Wig Master" (Patrick Bristow) working for a production of Joseph and the Amazing Technicolor Dreamcoat. Ethan at one point admires Elaine's hair, telling her she could sell it for a lot of money. Ethan's co-worker, the show's costume designer, lends Kramer the Technicolor dream coat. Kramer puts on the coat, combined with a large woman's hat blown off by the wind and the Peterman walking stick, and goes to pick up the pink Cadillac. But he finds a prostitute servicing a client in the car, and when he ejects her, she starts arguing with him about the fee he has cost her. The police arrive and assuming Kramer to be a pimp, (due to observing him dressed outrageously and arguing with a prostitute about money) they arrest him.

Jerry continues to fume about Craig's slight toward him, and unsuccessfully attempts to return his jacket out of spite. But the store won't accept "Spite" as a valid reason for return of the jacket. When Jerry is lunching with the wig master, another man stops by and starts flirting with the wig master; Jerry demands to know why the other man assumed he and the wig master were not together. Jerry tries to convince Elaine that Craig is just promising the discount on the dress in order to keep seeing her. At first, she doesn't believe him, especially when she finds out that Craig also promises the discount to a male friend. Jerry's suspicions are confirmed, however, when Elaine finds out that the dress has been in stock at the store all along. At the end of the episode, Elaine brandishes scissors at the sleeping Craig's long ponytail.