Chet informs Harry and Irma that he is going to meet with some of his former college classmates to discuss their future. At first they think that Chet is going back to college to finally earn his degree. However, they are shocked when he tells them that the guys he met with are all dropping out of college to form a rock band and the he is going to be their manager and after the group has a major hit with their first single, Chet goes on a spending spree. However, he soon finds out that success in the music business can be fleeting.