Fashionable friends with similar tastes, who even share their first name, Laura, go up against fun-loving friends Dianne and Clyde. Each team is handed $500 and given only an hour to find pieces at the Elephant's Trunk Flea Market in New Milford, Connecticut, that they'll fix-up and flip. Their Flip List includes Hollywood Regency, as well as Upholstery and Mash-up projects. After hustling through the flea market, both teams hit the workshop to transform their pieces. Relying on chance, team Laura often flips a coin to decide their next move. The teams will then take their transformed pieces to sell at New York City's Green Flea, and the team that makes the biggest profit takes home $5,000. Hosted by Designer/Flea Market enthusiast and Good Morning America Anchor Lara Spencer.