Julio's house has been transformed into Fred and Lamont's boarding house called The Sanford Arms. Now they've come to the task of finding some boarders and soon find themselves bombarded with an endless supply of crazies, including a hooker, an ex-con, a hippie, a newlywed couple, and Hoppy's eccentric mother.

The Sanford home has become a campaign headquarters for the candidate Bob Williams and Fred wants nothing to do with it. However, once Fred discovers, Della Reese is working on the campaign of Williams' opponent, he goes all out for it even thought he's not for the candidate.

Lamont's friend, Ah Chew cooks dinner for the Sanfords one evening and a wary Fred is quite impressed at how good the food is. This leads Fred and Ah Chew to start a takeout business together with the headquarters in the Sanford home. Fred soon realizes that they should expand the business and turn the house into a Japanese restaurant.

Lamont has been saving for acting school and has just enough money. Meanwhile, Fred sees a commercial for a get rich quick scheme and decides to give it a try. Thus, he invests Lamont's money in a supply of Whopper Choppers that he must try to sell. However, selling them is the hard part.

In another get rich quick scheme, Fred decides to go down to an escort service with a friend of his and try to apply as escorts. Flatly rejected, Fred decides to open his own escort service complete with false advertising which results in Fred having to escort three ladies in one night.