

When Margaux and her parents go bankrupt and auction off all of their belongings, Punky and Cherie use their skiing trip money to buy Margaux's favorite doll back for her -- a true showing of friendship that Margaux dearly appreciates. Margaux returns the favor by repaying Punky and Cherie's skiing trip money when her family comes back into having mega money again.

Punky has a crush on 16 year old Kevin Dowling, who is helping Punky install a stereo in the treehouse. Punky tells Henry about Kevin, and Henry, who doesn't understand that Punky has a crush on Kevin, vows to break every bone in Kevin's body. Punky is crushed when she meets Kevin's girlfriend Gina.