Plot

Beaver is forced to break his promise to bring home the change from the dollar his dad gave him to buy a 25-cent notebook, after his unreliable pal, Larry Mondello, takes the money to buy a notebook for each of them, and pays off an old debt with the rest.—shepherd1138

At the last minute, before he is to head off to school, Beaver asks his parents for the twenty-five cents he needs to buy a new notebook, which everyone in the class is required to buy. As June doesn't have it, he asks his father. In a rush, Ward gives him the only pocket money he has, $1, with Beaver to bring back the seventy-five cents change. Larry, who doesn't have his twenty-five cents, asks Beaver if he can borrow twenty-five cents. Larry even offers to pick up the notebook for Beaver. Beaver agrees. But when Larry returns, he has no change since he had to pay the additional fifty cents for a previous debt. Wanting to instill a sense of responsibility in ten-year-old Beaver, Ward refuses to give Beaver movie money, instead telling him that his movie money is the seventy-five cents that Larry now owes him. Larry does tell Beaver that he will pay him back with his own movie money, but unable to resist the sound of the attractions from Gilbert and Whitey, Larry instead stiffs the Beaver to go to the movies with the guys. Despite Larry not showing up at Beaver's house as promised to pay back the money, Beaver has faith in his friend. However, Beaver later catches Larry spending the last of the seventy-five cents. Will Beaver and Larry's friendship be able to survive this incident?—Huggo