Plot

SpongeBob and Patrick go to the carnival. / SpongeBob has fun with a gum wrapper.

Valentine's Day: It's Valentine's Day and SpongeBob has made an extra special Valentine for his best friend in the world, Patrick Starfish. Disaster strikes when the present doesn't show up as planned and Patrick feels snubbed, to say the least! The Paper: When Squidward discards what to him is a worthless gum wrapper, SpongeBob teaches him that one man's useless piece of paper can be another man's magical toy. Squidward is filled with envy and anger toward SpongeBob who manages to have the time of his life with the scrap of paper.—NAS

Valentine's Day:

On Valentine's Day, SpongeBob is giving out Valentine's Day hearts. He even gives one to Plankton, which is delivered with the help of tweezers. SpongeBob and Sandy have arranged to give Patrick a hot air balloon made out of chocolate. SpongeBob tells Patrick that he has the best present ever for him, and the two go to the Valentine's Day carnival, with Patrick extremely excited for his surprise present.

Meanwhile, Sandy, who is in route to the carnival in the chocolate balloon, is attacked by a flock of scallops, which causes the balloon to veer off course as she fights them off. When SpongeBob and Patrick reach the top of the Ferris wheel, where the surprise is to be revealed. However, Sandy contacts SpongeBob via walkie-talkie, informing him of her troubles and telling him that he will have to go with "Plan B". SpongeBob tells Patrick, who is so excited that he is literally shaking the entire Ferris wheel, that his present is a "friendly handshake", greatly disappointing him and making him very angry.

When Patrick sees many other people, including complete strangers (one man only asks for the time), thanking SpongeBob for his gifts to them, he is pushed off the deep end and goes on a rampage. He begins destroying the carnival and corners everyone there, including SpongeBob, seemingly with the intention of killing them all. Before he gets the chance, however, Sandy arrives, having tamed the scallops, who are now helping to keep her balloon afloat. Upon seeing this, Patrick takes a bite of his present, causing it to pop and covering the carnival in chocolate. Smiling at SpongeBob and completely forgetting his anger, Patrick joyfully says, "Aww, SpongeBob, you didn't have to get me anything."

The Paper:

Squidward throws a bubble gum wrapper on SpongeBob's lawn. When SpongeBob discovers it, he asks Squidward if he can keep it. Squidward, who spots the paper as a worthless and useless pile of junk, says yes. SpongeBob asks him several more times to make sure that he doesn't want it, and Squidward assures him that he has no use for the paper, and sarcastically makes him promise to never give it back.

SpongeBob uses his imagination to have fun and do amazing things with the paper, and Squidward becomes jealous and attempts to take it back. However, SpongeBob refuses to give it back, as he promised not to. Squidward desperately begs SpongeBob for the paper, and is not successful until he agrees to trade everything he owns, including his house and shirt. However, Squidward does not have fun with the paper, and realizes that it is indeed completely worthless. Patrick then comes along, takes the paper from Squidward, and throws away his gum in it. Squidward, who has now given up everything he owns for nothing and is standing there naked, asks "Anyone have any sunscreen?"

By: Encyclopedia Spongebobia