Beaver's teacher, Miss Canfield, sends a note home with Beaver and the other kids convince him that it's news that he's getting kicked out of school. Beaver and Wally take steps to hide the note from Ward and June.

Beaver has a crush on his teacher, Miss Canfield. When Judy, Whitey and Larry tease him for being a 'teacher's pet,' Beaver tries to prove them wrong and places a spring snake in her desk. However, Beaver has second thoughts and becomes determined to remove the snake before she finds it.

After taking an IQ test, Beaver scores the highest in his class and Mrs. Rayburn suggests that it would be best if Beaver went to a special school where his abilities can be challenged. However, little does anyone know that everything is not as it seems.

Beaver makes a trade with Larry Mondello: a glass doorknob for a Chihuahua. Larry found the dog in his garbage can, so when Beaver brings it home, Ward immediately breaks the news that he's going to place an ad in the lost and found and that Beaver probably won't be able to keep the dog. Despite this, Beaver quickly begins to grow close to the little pooch.