It's the Kramdens anniversary and Alice gave Ralph $25 to buy a suede coat that he wants. Ralph has bought Alice a box for hairpins made out of 2000 matches glued together. They decide to exchange gifts but before Ralph can give Alice hers, Trixie comes in and gives Alice the same gift. Not knowing what to do, Ralph tells Alice that her gift is going to be delivered. While Ralph and Norton try to figure out where to get money for another gift, a delivery man comes with a package for a neighbor, Mrs. O'Leary, and asks if he can leave it there since she is not home. Alice comes in and snatches the package from Ralph, thinking that it's her anniversary present. Alice opens the box and finds a dress. While she is trying it on, Mrs. O'Leary comes looking for her package, and sees Alice wearing her dress. She demands an explaination. To avoid a scene, Ralph pays the neighbor for the dress with the money that Alice him for the suede coat.