Yakkity's manager Mr. Trilobyte loses his office after he ends up going broke because he spent all his money on sweepstakes tickets. When Yakkity drops by to pay Mr. Trilobyte the 10% he owes him from his last stand-up comedy gig Trilobyte gets an idea. He decides to live off of Yakkity by telling him that he doesn't just owe him 10% of the money he earns on jobs but he also owes him 10% of everything he currently owns.

Yakkity, seeking some freedom, decides to srike out on his own and move into a nearby treehouse. But when Granny rents out Yakkity's old room he soon becomes suspicious of the new tenant.