Archie comes home with a brand new watch and claims that he got a bargain on it, since he was told that it was a $300 watch and he got it for $25. Later, Archie is crestfallen when he discovers that the watch is broken. Meanwhile, Mike is convinced that the watch is stolen and encourages Archie to be careful, since the serial number may lead the jeweler to discover that indeed Archie has a hot watch. Thus, Archie scrambles to find a jeweler who will fix it with no questions asked.