
Malcolm tries to settle his grandparents' quarrel after Malcolm's grandfather gets kicked out of the house and moves in with Malcolm & Eddie. Nicolette gets a new roommate named Regina, who has eyes for Eddie, but Nicolette remains determined continue persuing him.
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.