- The Ricardos try to break their lease after a fight with the Mertzes.
- The two couples are in the Ricardo apartment, singing and having a good time. Lucy is concerned that they might disturb their neighbors at such a late hour, but Fred and Ethel assure her it isn't important. After reaffirming their friendship and concluding with a stanza of "Sweet Sue", the Mertzes say goodnight. Ricky and Lucy continue singing and are surprised to receive a phone call from Ethel, telling them to be quiet. Although puzzled by her about-face attitude, Lucy and Ricky decide it's time for bed. Lucy notices that Ethel has left her rings on the piano.
Lucy likes the bedroom window to be open but Ricky prefers it closed. They argue about it, loudly opening and closing the window, and Ethel calls again. She and Fred are trying to sleep. Once in bed, Ricky is kept awake by the steady drip of the bathroom shower. He tries to fix it and ends up breaking the pipe. Fred calls and a dripping-wet Ricky confronts him about the antique plumbing. After an exchange of insults, Ricky and Lucy decide to move.
The Mertzes come over the next morning with a copy of the Ricardos' lease. If they want to move before it isi up, they will have to pay rent for the remaining months. After Ricky and Lucy hotly refuse, they decide to force Fred and Ethel to break the lease. Ethel retrieves her rings and Lucy makes a nasty remarks about the stones being glass.
After making as much noise as they can, to drive Fred and Ethel crazy, Ricky brings his band for a late night rehearsal in the Ricardo apartment. They learn that the Mertzes have been selling tickets in front of the building for a "midnight jam session with Ricky Ricardo and his orchestra." Lucy asks them to play a song with lots of foot stomping. Fred and Ethel appear, dressed in nightclothes, covered in plaster from the chandelier that fell. They finally agree to allow the Ricardos to move without paying up their lease.
Several days later, Lucy and Ricky are nearly finished packing. They discuss how nice it will be to finally get away from the Mertzes but their hearts aren't in it. Lucy is moved to tears by the sight of items she has borrowed from Ethel. Ricky doesn't know what to do with some tools that he and Fred bought together.
Ethel and Fred appear, very subdued, and Ethel returns Lucy's belongings. Lucy does the same with her. They start crying and confess that each doesn't want to be without the other's friendship. It appears that Fred has a new lease in his pocket. The Ricardos decide to stay.
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