The whole episode is a parody of "It's A Wonderful Life."
Count Floyd introduces some film previews, including "Dr. Jeckyl and Mr. Hyde," "Cujo II," and "The Mysterious Disappearance of Dr. Tongue."
A parody of "Oliver Twist" with Ed Grimley (Short) in the lead role and Tommy Lasorda (Hemphill) as "The Artful Dodger."
Paul Simon, Art Garfunkel, and Ernest Borgnine crash-land on Saturn in a spoof of "2001: A Space Odyssey." Also, a behind-the-scenes look at the movie finds co-producers Idella Voudry and Woody Tobias Jr. fighting for creative control.
In a desperate effort to save the station, Guy and Edith start a pledge drive. Lola Heatherton returns to SCTV to sing on behalf of the station, but her performance is marred by thinly-veiled personal problems.
Guy and Edith plead to the FCC to keep SCTV on the airwaves while clips from the show's heyday are interspersed.
A look back on the career of Bobby Bittman. Includes footage from his early days to his millionth show. A "Cinemax Comedy Experiment" presentation.