Plankton goes into the Krusty Krab one day and slips on a wet floor. He files a lawsuit against Mr. Krabs for everything he has, including the Krabby Patty’s secret formula, because there was no “Wet Floor” sign. When Mr. Krabs’ defense lawyer slips and injures himself on the floor, SpongeBob takes over. SpongeBob spends most of the trial trying to open a briefcase, but what’s in it can help Mr. Krabs win the case.
Mr. Krabs can’t sleep, so SpongeBob, Patrick, and Squidward buy him a new mattress. They throw the old one in a junkyard, only to find out that all of Mr. Krabs’ money was in the mattress because he doesn’t trust banks. Mr. Krabs ends up in the hospital suffering from shock, leaving SpongeBob, Patrick, and Squidward to retrieve it.
Mr. Krabs is going to a Naval Reunion, but he molts his shell right before the event. So SpongeBob attempts to impersonate Mr. Krabs by wearing the recently molted shell. At the reunion, everything is going well, until SpongeBob has to fight one of Mr. Krabs’ buddies and the shell breaks in the process. The real Mr. Krabs comes out and tells the truth, but to the surprise of him and SpongeBob, Mr. Krabs’ old buddies had secrets to hide themselves.
Plankton anonymously orders 10,000 Krabby Patties. Eventually, SpongeBob becomes afraid of Krabby Patties after the nonstop work. Plankton pretends to be a psychiatrist, in order to treat SpongeBob’s Krabby Patty phobia, in order to get the Krabby Patty secret formula. Much to Plankton’s dismay, SpongeBob stays asleep during a hypnosis session, where he overcomes his phobia in a dream, and goes back to the Krusty Krab fully rehabilitated.
SpongeBob and Patrick pay for an invisible spray can. Patrick points out that the invisible spray can stain clothes, so SpongeBob and Patrick take off all of their clothing. After they spray each other completely, they become the Bikini Bottom ghosts. The last guy to scare is Mr. Krabs, who says he isn’t afraid of ghosts. SpongeBob and Patrick try to light a dollar on fire, but Mr. Krabs throws water at them, after he realizes it’s them, he shows their nudity to Bikini Bottom, totally embarrassing them.
After tattling on the Tattletale Strangler for littering, he gets threatened by the Strangler, so SpongeBob gets a bodyguard – the Strangler in disguise. The Strangler keeps trying to strangle him but can’t because too many people are around. The Strangler ends up in jail and becomes happy about it because SpongeBob drove him crazy.
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