Because of recession, successful seven-year-old Allen Gregory DeLongpre has been forced to attend elementary school. But because of his maturity, he has difficulty fitting in.

Allen Gregory attempts to make a sex tape with Principal Gottlieb. Meanwhile, Richard and Jeremy recruit some cool kids to hang out with Julie to make her seem cool.

Tension occurs when Joel Zadak invites Allen Gregory's best friend Patrick and not himself to the school dance.

When popular student, Joel Zadak, stays home sick, Allen steps in to keep tabs on his clique; Richard visits the boardroom at his father's company.

Allen Gregory's teacher Gina seeks to teach him a lesson on racism after he mistakes his Hispanic schoolmate Guillermo for a janitor. Much to Gina's dismay, Allen Gregory produces a play to depict his point of view of the incident. Meanwhile, Richard hires Jeremy as his new maid.

Allen Gregory decides to find his biological mother Lisa Kudrow,until he realizes its a terrible mistake.