A newspaper article mistakes the fraternity's intentions regarding disbursement of funds raised from their junk drive. The frat brothers must scramble to set things right.
After Dave's boss, Mr. Kelley, asks him to do several menial tasks, Dave feels like he's not getting anywhere in the law profession, so he considers quitting his job and entering the advertising field.
Joe Randolph buys a new boat without telling his wife. He then makes Ozzie cover for him, until he summons up the courage to tell Clara about the boat.
Ozzie admires a table built by Joe Randolph, so Joe gives it to him. Ozzie then feels compelled to give an old picture he painted to Joe. Both friends suspect each others motives.
Rick's girlfriend is secretly knitting him a sweater. When she turns down several dates to work on the project he begins to date another girl, who also knits him a sweater. Now Rick has two sweaters and two girlfriends to juggle.
When Ozzie and Harriet are invited to Dave's girlfriend's house for dinner, they assume that the two youngsters are about to announce their engagement.
Rick is in charge of the committee counting the votes to elect a new Prom Queen. His girlfriend is among the candidates, and Rick does his best to keep the winner's identity a secret from her and everyone else until the prom.
Ozzie and Harriet volunteer to chaperone a party for Rick's fraternity. But there seems to be some confusion as to where the party is going to be held.
A reporter for the college newspaper always seems to know all about the activities of Dave and Rick's fraternity. The fraternity brothers are convinced that Rick is supplying her with inside information.
Two little boys find a dog, and they ask Dave to decide which of them should be its owner. To complicate matters, the little boys are brothers of Dave and Rick's girlfriends.
Ozzie takes a message from David's new job at the law office concerning some important documents of his boss, Mr. Kelley. But David is not to be found so Harriet and Ozzie track the attorney to a ski lodge to deliver the papers.
The Nelson's friend, little boy Barry, is expecting a new arrival to his family, and he hopes it's going to be a baby brother. He spends a few nights at the Nelson's, while his mother goes to the hospital "to pick up the baby".
The sorority girls issue a proclamation dictating a dress code that must be adhered to by fraternity boys, when going out on dates. The fraternity boys fight back, and the war of the sexes escalates from there.
Harriet asks Ozzie to check for gift ribbon in the hall closet. When a box of wrapping paper falls on the floor, a small unmarked Christmas present is found and the Nelson family tries to figure out who it is from.
Rick's late Great-Uncle Walter left an envelope for Rick to be opened on his 21st birthday, and the entire Nelson household can hardly wait to find out what's inside.