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George takes revenge on his boss for not hiring him back after he quit and was rude to him, and Jerry and Kramer take revenge on a dry cleaner after Jerry accuses him of stealing $1,500 from his laundry bag.

In a fit of pique - his boss tells him his personal office bathroom is out of bounds - George quits his job letting him know just what he thinks of him. As he and Jerry discuss his future, he realizes that he may have acted precipitously and so Jerry suggests that he should just show up for work on Monday morning and pretend as if nothing happened. His boss won't let him get away with that and so George enlists Elaine to help him get his revenge. Jerry meanwhile realizes that he left $1500 in his laundry bag but when laundry service tells him their not responsible for its disappearance, Kramer suggests they get him.—garykmcd

The episode relates three parallel plots, in intertwining scenes. The first plot concerns George being banned from the executive toilet. He is told to use the common toilet that the company shares with another company on the same floor. Because of this he quits his job, but immediately regrets the decision. He discusses job opportunities with Jerry but is unable to think of an occupation that would suit him. The real estate market is down. George wants to be the manager of a baseball team, or an announcer on TV, but Jerry tells him that he is not qualified for either. George likes movies, and Jerry suggests that he could be a projectionist, but he doesn't know how to work the projector.

Jerry suggests that George could try to go back to work and pretend he never quit. George takes this advice, but his former boss, Rick Levitan (Fred Applegate), refuses to let him stay and insults him. Rick calls George a loser. As revenge, George decides to slip a Mickey Finn into his drink during an office party and enlists Elaine Benes to help him. At the party, Elaine distracts Levitan while George puts the mickey in his drink. When Levitan notices George, however, he decides he was unreasonable and tells George he can have his job back. George attempts to intercept the drink, but after Levitan welcomes him back with a toast sprinkled with insults at George's expense, he changes his mind. In the following scene we see George once again brainstorming job opportunity ideas, the subtext being that his boss discovered the spiking of his drink, connected it to George, and has fired him once again.

The second plot of the episode revolves around Jerry; when he prepares to go to the laundromat, Kramer asks him to take his laundry with him. Jerry agrees after some reluctance, insisting that their clothes remain segregated. After retrieving the laundry, the following day and returning Kramer's portion, Jerry remembers that he had hidden a large sum of money in his laundry bag but is unable to find it. The owner of the laundromat (John Capodice) tells him that he did not see the money, but also points out that he is not responsible for valuables. Kramer and Jerry both assume Vic stole the money and Kramer comes up with a plan to put cement mix in one of Vic's washing machines as revenge. Once they have acted out the plan, Kramer discovers that he had the money all along; and it turns out to be just enough to cover the damage to the washing machine.

In a subplot, Kramer tells Jerry about his suicidal friend Newman (Wayne Knight) who repeatedly threatens to kill himself by jumping off the apartment building. Kramer is annoyed that Newman has been threatening to kill himself for years now. When he does jump, he jumps from the second floor and survives, much to Kramer's amusement. At the end of the episode, Newman threatens to jump again, Kramer asks Newman if he wants to go shoot some pool with him, but Newman declines, stating that he has plans to go to the movies.