

Lamont buys Fred a new hat for his birthday and then tries to take him out on the town to celebrate. However, a visit to a fancy bar, a movie theater to see Fiddler on the Roof and dinner at a Chinese restaurant are far from a celebration for Fred.
Lamont buys a porcelain figure for $15 from a silent movie star and after having it appraised, Lamont and Fred decide to take it to an auction to make even more money on it. Fred and Lamont attend the auction pretending to be buyers so that the price can be jacked up higher. However, things go awry to Lamont's dismay.