Binghamton has his eye on a piece of oceanfront property in New Caledonia, and, when it seems that Parker has come into some big money, The Captain hits him up for a loan, so that he can acquire it. Parker unwittingly agrees, but, after he finds out that his windfall is nearly nothing, Binghamton must join McHale and the 73 Crew in a scheme to get out of the deal, which nearly gets them all into big trouble, but winds up working out for the good.