
Malcolm's plan for rededicating his bar from its old name Kelly's, to its new name McGee's, goes amiss when the signs are misspelled, McGoo's. Meanwhile a crazed, bomb-toting football fan takes over Malcolm's crowded bar to protest the rumored move by the Kansas City Chiefs to Los Angeles, and the bar gets city-wide news coverage under the name McGoo's instead of McGee's.
Malcolm practices for his sports commentator audition at the local radio station, earnestly recording play-by-play onto a demonstration tape while watching the basketball game... until Eddie accidentally blows up the television set. Insistent on helping his roommate replace it, Eddie wheedles Malcolm into attending a free ""personal wealth seminar"" where each participant is promised either a free TV or a set of steak knives.
When Eddie's beloved tow truck Broncula breaks down, he must raise money to repair ""her,"" so he secures a wild array of odd jobs which quickly wear away at Malcolm's quality of life.