Business rival and nemesis "Formica" Mike attempts to make an offer Murray can't refuse by buying Ottoman Empire. Meanwhile, Adam offers Ms. Cinoman his and Erica's original show when William Penn cannot secure the rights to a well-known spring musical to stage.

Beverly creates a plan to save Formica Mike's (Richard Kind) failing marriage, but her efforts quickly backfire. Meanwhile, Barry enlists Adam and friends to create a James Bond-themed home movie in his ongoing efforts to court Joanne, but her response leaves him with a bruised ego. Both Barry and Beverly learn valuable lessons in love.