Eddy starts publishing a newspaper full of lies about the other kids, and sells them for cash.

When Eddy discovers that Kevin has Trypanophobia, he takes advantage of his fear and tells the school that it's booster shot day.

Due to another scam failure, Jimmy doesn't believe in fairy tales anymore, bringing him in a sad emotional state which won't go away. Sarah demands the Ed's to fix this before sundown. Meanwhile, Rolf thinks everyone is after his backpack full of baloney.

Edd accidentally hurts Lee Kanker, making everyone believe he resorts to violence. He then makes mistakes during school hours which causes some of the kids to be hurt or injured. When all of the cul-de-sac (save for Eddy) is turned against Edd, it is up to Jimmy to restore his former reputation.

The Eds attend their first school dance. Edd isn't too excited about going, but naturally, Eddy is stoked.