Life is full of unsolved mysteries, but one of the most pressing is why the Elks club would make Fibber their Financial Secretary. He writes a speach to deliver at the next meeting, but needs a little spelling help from Molly. It seems the mortgage is about to be paid off, and a ceremonial burning of the mortgage is to take place.
Mayor LaTrivia stops in to talk about the ceremony. The conversation turns towards fishing, and then the Mayor gets bent out of shape when the McGee’s get him confused about fishing termonology. Billy Mills plays, Someone Like You.
Fibber talks to Molly about bees, and how to make money off them. The Old Timer stops them on their way to the Elk’s club to talkabout his night out with a lady wrestler. They are next stopped by their chatty neighbor who has appeared in at least one recent show. She is played by Bea Benaderet.
Harlow Wilcox makes his appearance at the Elks club, and of course a commercial ensues. Wallace Wimple shows up to pitch in before it’s all done. McGee gets the bonfire soaked with kerosene, then the burning ceremony gets a little out of hand.
The Kingsmen sing, Clancey Lowered the Boom. Fibber tries to lay blame, when Doc Gamble arrives to report on the safety of the party goers. With the building burned down, where will the Elks meet? The challenge is to build a new building, which will cost more money, and a new mortgage. Doc offers some help with testimony in Fibbers behalf.
Will the Mayor lend a hand? Is Fibber going to be in trouble at the loss of the old fire trap? The Mayor has a nice surprise for him at the end. Not to mention a surprise from Fibber in return.