Bob's old school friend Murdock is in town for a day to sell a complex giveaway item to a Chicago cereal company. Bob invites him to stay overnight at his home. The brief encounter stretches out to a week when Murdock can't make his business connections. He gradually takes over Bob's car, clothing, and most of his home life.

Cliff Murdock, Bob's old laugh-a-minute college buddy, affectionately known as The Peeper, pays a return visit.

Bob receives a telegram saying that his old college chum, ""The Peeper,"" is coming to Chicago and bringing a surprise. The surprise turns out to be a brand-new bride.

Bob and his friend ""The Peeper"" take a trip down Memory Lane and wind up in the slammer.

Hot baby news is the order of the day when Carol, Bob's receptionist, announces that she's expecting a baby. Then, Emily drops her bombshell—and Bob nearly comes unglued at the prospect of becoming a father.