After losing his lunch money for three days in a row, Ward gives Beaver one last chance by letting him handle his haircut money. However, when he loses that too, Beaver decides to give himself a haircut just days before he's scheduled to be an angel in a play.

Wally and Beaver dread attending dance school, so when suddenly Wally takes a liking in it, June and Ward are dumbfounded. It seems Wally has developed a crush on a girl named Penny and Beaver soon feels neglected and left out when Wally begins spending all his time with her.

Wally and Beaver want to win a fancy film projector. In order to get it they have to sell 24 bottles of perfume. However, the appalling aroma of the perfume quickly leads to zero sales and has Ward trying to think up a sales gimmick.

June and Ward make Wally and Beaver promise that they won't go to the movies and see a scary movie. However, Wally and Beaver are talked into seeing it, thanks to Wally's so-called best friend, Eddie Haskell. The movie has quite an influence on Beaver, who makes a voodoo doll, names it Eddie Haskell, and sticks it with pins.

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 is invited to Linda Dennison's birthday party and quickly discovers that he is the only boy that she invited. Fearing for his reputation, Beaver tries his best to get out of attending, but June and Ward are insistent, not aware of the situation Beaver's in.

Wally and Beaver want to get brand new bike and they ask Ward for some money. He suggests that they earn the money. This leads Wally and Beaver to get a job delivering papers. Later, while trying to help the boys out, Ward and June inadvertently almost get Wally and Beaver fired.

Ward tries to teach Wally and Beaver the importance of saving by giving them a piggy bank. The boys quickly save up a handful of change and are all ready to spend it on some baseball equipment. However, unknown to their parents, they change their minds and decide to spend the money on a most unselfish gift.

Wally begins to outgrow his "sloppy" faze and becomes much neater. This is noticed by Ward and June who try to encourage Beaver to undergo the same transformation. However, Beaver changing like that just seems too extraordinary of a task.

Ward becomes a bit jealous when Wally and Beaver begin spending time playing basketball at Willie Dennison's house after Willie's dad put up a backboard and a basket. This prompts Ward to do the same thing but it just seems like things are working against him being the perfect father.

While playing baseball in the street with Wally, Chester and Tooey, Eddie hits a baseball through the Cleaver's window resulting in Ward forbidding the boys to play baseball so close to the house. However, later, Beaver talks Wally into pitching one, but this results in a broken car window.

An eighth grade dance has Wally being pressured into attending with a girl, instead of going stag with Eddie. However, Mary Ellen Rogers becomes determined to have Wally take her and goes through Beaver to get to him.

After a weekend spent at the movies goes awry for Ward, he decides the boys should spend their weekends outside and plans a camping trip. However, when Ward's called into work, Wally and Beaver decide to camp out in the backyard.

Wally makes the baseball team and Ward openly shows how proud he is of him, leaving Beaver feeling inferior. Trying to impress his parents, Beaver tries out for the band and begins practicing the clarinet. However, Beaver soon finds himself with more problems when he's let go from the band.

Wally and Beaver are helping Ward clean out the garage when they run across Beaver's old teddy bear, Billy. Beaver reluctantly throws him away after Ward and Wally tell him he's too old for dolls. However, Beaver changes his mind but he's too late, the garbage truck came, which leads Beaver to take drastic measures to get him back.

An incident at the park leads to Beaver ripping the pants on his gray flannel suit. When he's questioned by Ward and June he makes up a wild story that his parents quickly see through. Lectured in telling the truth, Beaver does just that when the pants of his other suit are ripped but Ward and June don't believe him.

An old friend of Wally's stops by with stories about how great it is at the military school he attends. This leads Wally to decide that he would like to attend military school, despite a wary Ward and June.

The neighbors are going away for the weekend and Beaver and Wally have been put in charge of taking care of their lawn and their cat, Puff Puff. When Eddie shows up with his dog, Wolf, chaos erupts and Wolf chases Puff Puff away.

Beaver comes to Ward for help on the night before a poetry assignment is due. This prompts Ward to totally take over the project and writes the whole poem himself. Things get complicated when Beaver wins an award for the poem and Ward is faced with explaining the truth to Beaver's principal.

Ward must make a decision when a conflict develops concerning which son to spend the weekend with. He can either go on a fishing trip with Wally or take Beaver on a father-son weekend. Thinking Ward is going to go fishing with Wally, Beaver makes up a wild story when his classmates start to tease him.

Beaver makes a new friend in Chuey Varella but he only speaks Spanish. So Beaver asks Eddie, who has taken Spanish, for some help but Eddie plays a joke on Beaver by feeding him a sentence in Spanish which ultimately insults Chuey.

While watching Wally and his friends play baseball, Beaver is put in charge of looking after everyone's coats and watches. However, after the game is over Lumpy comes to claim his watch, but Beaver has no watch to give him.

Beaver becomes good friends with a classmate, Linda Dennison. However, their relationship is blown out of proportion by Beaver's classmates who begin to tease him and goad him into insulting Linda, to prove that she isn't his girl.

Being Beaver's godmother, Aunt Martha sends him a gift of a ring that had once belonged to an uncle who was also named Theodore. June cautions Beaver that she doensn't want him taking it to school, but he sneaks off to school with it anyways. This leads to a confrontation between his peers that ends with him getting the ring stuck on his finger.

When Eddie and some of his other friends brag about shaving, Wally decides it's time he try. After nicking his face, Ward tries to discourage him but this just leads Wally to continue to shave. When Ward catches him again, he scolds him right in front of Eddie which leads to Wally being made fun of.

Ward receives an antique pipe as a gift from Fred Rutherford and a curious Larry and Beaver decide to try it out. First they use coffee but then they try tobacco. When Ward discovers someone has used the pipe, he jumps to the conclusion that Wally is the culprit.

Wally needs a new suit for an upcoming dance and he convinces his parents that he's old enough to pick out his own clothes. So he and Beaver go down to the shop and pick out the loudest, cheapest plaid suit in the entire shop.

Beaver and Wally are all excited about going to the carnival, however, Aunt Martha throws a wrench in their plans when she makes an unexpected visit with a friend of hers, forcing Wally and Beaver to count the hours away, hoping she will leave soon enough so they can still go to the carnival.

Wally's birthday has him deciding to have a birthday party but Beaver jumps to the conclusion that he won't be invited. While shopping for Wally's present, Larry talks Beaver into spending his money on a bow and arrow set for himself and buying a cheap gift for Wally.

Beaver and Wally make friends with the garbage man's kids, Chris and Pete. They quickly learn that they take for granted what they have. Simple things like just having a yard to play in leave Chris and Pete in awe.

Larry and Beaver find themselves tardy for the third time this week and decide to skip altogether. However, they quickly find themselves being caught when they inadvertently walk on the set of a live TV show.

When the new girl, Gloria, tells Wally that he has a pug nose, he becomes incredibly self-conscious and purchases a contraption that is suppose to give him a strong Roman nose. When Ward discovers the device, he gives him a pep talk which just makes matters worse.

Beaver learns he has to go to the dentist and that's when his friends tell him some horror stories about the drill the dentist is going to use. This prompts Beaver to become downright scared of going to the dentist.

Beaver and Larry become convinced that the Cooper house is haunted by a witch and Beaver and Larry are scared to death. So when June gets Beaver a job walking Mrs. Cooper's dog, Beaver's fear gets the best of him.

The Cleavers have new neighbors in the Gates family and Beaver befriends their son, Gilbert Gates (his last name was suddenly changed to Bates in a later episode). However, Ward, June and Wally quickly realize the obvious when Beaver comes home with all kinds of wild stories that Gilbert has told and that Beaver is convinced are true.