SpongeBob is finally given the chance to be a hall monitor at his boating school, but he wastes the school day giving a speech and doesn't get to do anything. That doesn't mean he can't be a Hall Monitor outside of school, right?

SpongeBob wants to give Patrick the best Valentine's Day gift ever, a chocolate heart shaped hot air balloon. Sandy starts to drive it over to SpongeBob and Patrick at the Valentine Day fair but, scallops attack the balloon, and SpongeBob must stall for time. Patrick goes crazy waiting for his gift, and starts to attack people at the fair.

SpongeBob gets a small piece of paper from Squidward to play with. Squidward thinks that the paper is useless and just gives it away. SpongeBob soon does many fun things with it, and makes Squidward very jealous.

SpongeBob and Patrick go to the Fry Cook Museum and are looking at the exhibits, when they come across the a spatula stuck in hardened grease. This spatula could only be pulled out by a fry cook worthy enough to cook for Neptune himself. Spongebob pulls the spatula out with ease, and is excepted to move to Atlantis as Neptune's fry cook! But, when Neptune tells SpongeBob he cannot bring his friends, SpongeBob starts to reconsider. Will SpongeBob leave his friends behind?

SpongeBob is awarded a prize for his life size Krabby Patty sculptures of Mermaid Man and Barnacle Boy. The prize is the "Magic Conch" as seen in many episodes of the television show "The Adventures of Mermaid Man and Barnacle Boy." The conch shell, when blown, will make a noise and Mermaid Man and Barnacle Boy will come running! It is meant only for danger. SpongeBob blows the conch for simple chores. Will the heroes be so annoyed they must take back the conch?