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"Big Ragu" Carmine (Eddie Mekka) has always yearned for an opportunity to strut his stuff as a "tough guy"--and to make some extra cash in the bargain. Now, it seems, he has been handed a golden opportunity; Carmine has accepted a job as a collector for a shady loan shark named Waldo (Billy Sands). Appalled at the prospect of Carmine making his living by breaking bones, Laverne (Penny Marshall) and Shirley (Cindy Williams) do everything in their power to dissuade him from this questionable career move.