Beaver's youngest son, Oliver, is feeling a lack of confidence, so he decides to get involved in a paper drive at his school. But he's up against a girl who can offer movie tickets in return for the paper. When Oliver's ace in the hole, Freddie Haskell, refuses to give Oliver his paper stash per a previous agreement because his rival is offering movie tickets, Oliver is just about to give up. How does this work out? Watch and find out.
Probably the most entertaining part of this episode is not what the kids are doing, but seeing the adults back at Grant Avenue Elementary reliving their youth at Parent Teacher Night. Richard Rickover is now a psychiatrist and tells Beaver that Oliver is showing signs of trouble from the fact that he drew a stick figure rather than a more complete drawing. Eddie Haskell says hello to a couple of girls, now parents, that he knew back in the day and gets slapped to the point that he is hiding behind Lumpy. And Mary Ellen and Wally remember when they first met in the eighth grade and Wally shows how he still remembers her locker and its combination. Wally indeed opens the locker from memory. The problem is that the locker belonged to Mary Ellen's rival at the time, Julie Foster!
It was also good to see William Schallert as Mr. Bloomgarten, a teacher at the school back in Wally and Beaver's day, teaching a new generation. He was the teacher who rescued Beaver from his schoolmates when he showed up at school looking like Little Lord Fauntleroy in the short pants his Aunt Martha made him wear in the LITB season one episode, "Beaver's Short Pants".
