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Beaver (Jerry Mathers) sells raffle tickets in hopes of winning a contest. Luck of luck, Beaver is rewarded with third prize -- a brand-new sports car, worth thirty-five hundred dollars! As Beaver eagerly prepares to get behind the wheel of his car, Eddie tauntingly informs him that his dad will never let him keep such a valuable "grown-up" gift. Beav figures that Eddie's just gas-bagging again -- until he is informed by his dad Ward that the car will be sold and the money placed in Beav's college fund. This episode marks the final appearance of Rusty Stevens in the role of Larry Mondello.