- The gang finds a keg and decides to throw a party in the pool of an abandoned house.
- While cutting study hall and driving down the road, the gang minus Fez finds a beer keg and decides to throw a party charging $2 a head, the only language even Kelso can do calculations in. While the boys wrestle with the tap in the empty pool of the vacant house Jackie found as secret - no longer-make-out place with Michael, Red and Bob start searching Eric's Vista Cruisers when they hear from their wives - riveted by Rich Man, Poor Man with daiquiris - their kids 'borrowed' a tub of ice and a box of plastic cups.—KGF Vissers
- While in study hall, Donna convinces Eric to skip out on school. All works out miraculously when the gang discovers a full keg sitting in the middle of the road. They decide that the one and only way to properly honor the discovery is to throw a party in the empty pool of a house for sale in the neighborhood.—BV13
- Donna and Eric cut class to go out for a drive in Eric's Vista Cruiser. But their plans for a romantic afternoon are cut short when they find Kelso and Hyde sleeping in the car.
The gang finds a keg in the middle of the road after skipping school. They bring it back to Eric's basement. They decide to throw a party at a pool at a vacant home that Jackie's mother is attempting to sell. Kelso does quick math to figure out that they will make $224 if they sell $2 per entry. The pool is empty, and the party is at the bottom of the pool.
Meanwhile, Kitty invites Bob and Midge over, and while talking, Red works out that the gang are throwing a party (Eric took a bucket and 2 bags of ice and Donna took all the cups. They had told Kitty that they were building a volcano for a class project) and he and Bob set out to find the kids. Kitty and Midge are watching a TV show together "Rich man, Poor man". Red and Bob drive all over town but cannot locate the kids. Bob continues to annoy Red.
However, at the pool, they soon discover they need a tap to extract the beer. Eric sends Kelso out with his gas money to purchase one at the liquor store. Eric says he is happy to give up his gas money because by the end of the night they will make over $200 from the party. Kelso manages to buy the tap as the store clerk doesn't need any ID to sell a tap, as one can drink beer with a tap alone and Kelso wasn't buying any actual beer. However, after leaving the store, Kelso has the tap broken in half by two bullies from school (who broke Eric's pencil in 2 earlier in the day).
This forces Eric to have steal his father's tap. Eric says that Red doesn't have a tap, but Hyde knows that Red is a cocktail dad and thus must have a beer keg tap. Eric stands up to the bullies for breaking their tap, and Donna is really turned on towards Eric. This spurs Eric into action and he decides to bring Red's beer keg tap to the party. He manages to succeed as Kitty and Midge get very drunk while watching a TV show. Midge was sharing how Bob and her spike up their sex lives by role playing.
However, the rest of the gang gets caught as Jackie's mom begins showing the house to prospective buyers and they all try to unsuccessfully hide.
Red and Bob find out at the liquor store where the party is taking place, as apparently it has been advertised all over town. Eric returns with Red's tap, however by this point all the party guests have been forced to leave and Red and Bob are waiting there with a cop. Red then tells Eric to take Donna home, while he and Bob keep the keg for themselves.
Later, Donna kisses Eric
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