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Beaver (Jerry Mathers) is convinced that he and his family are going to move from Mayfield to faraway Madison, and he tells his friends as much. Then, dad Ward (Hugh Beaumont) decides not to move after all. When Beaver shows up in school the next day, he finds that the kids are holding a farewell party for him -- whereupon they load his arms with going-away presents! Complication piles upon complication before the Beav is able to prove that he's not the "rat" he's made out to be.