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.

Wally jumps at the chance to paint a couple of garbage cans for Ward, who offers 50 cents a piece. However, once Eddie tells Wally, that his father was charged $3.00 to have his painted, he becomes disinterested in the job which is when Beaver steps in and takes over the job.

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.

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.

A school play has Beaver assigned the role of a canary. However, he doesn't seem to be graceful enough to fly around like a bird. To make matters worse, on the night of the play, Ward's words of encouragement lead to Beaver coming down with a case of stage fright.

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.

Ward takes June and the boys away on a trip to a cabin in hopes of experiencing the "great outdoors." However, he quickly discovers getting away from today's modern conveniences will be more difficult than he anticipated.

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.

Wally, Chester and Tooey are building their own boat and plan to sail on it, despite Ward and June's forbidding Wally. Once at the lake, Beaver is the only one small enough to get in it and once on the water, the boat tips over, leaving a soaked Beaver behind. However, it's trying to keep their afternoon of boating a secret from Ward and June that's really going to wipe Wally and Beaver out.

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.

A lazy weekend leads Ward to direct Wally and Beaver to read a book, Tom Sawyer. The book influences them so much that they take on the job of painting the garage doors. However, they soon find the job to be awfully boring and messy. Chaos erupts when neighbor Benjie Bellamy stops by wanting to help.

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, Larry, and Whitey begin a pigeon club and they each purchase pigeons of their own. Beaver names his two Miss Canfield and Miss Landers, after his two teachers. However, when Beaver comes down with chicken pox, Wally is forced into caring for them, but soon finds Beaver isn't the only one ill - Miss Canfield and Miss Landers are also ailing.

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.

Wally wins a trophy at school and Beaver accidentally breaks it. This leads Ward to accuse Beaver of being jealous of Wally and that he broke it on purpose. Upset, Beaver decides to get new parents and heads to an adoption agency.

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.

June and Ward allow Wally to escort Beaver on a bus to a friends house in Crystal Falls. However, on one of the stops, Beaver inadvertently gets on the wrong bus that takes him back to Mayfield.

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.