SpongeBob wants to give Patrick the best Valentine's Day gift ever, a chocolate heart shaped hot air balloon. Sandy starts to drive it over to SpongeBob and Patrick at the Valentine Day fair but, scallops attack the balloon, and SpongeBob must stall for time. Patrick goes crazy waiting for his gift, and starts to attack people at the fair.

SpongeBob gets a small piece of paper from Squidward to play with. Squidward thinks that the paper is useless and just gives it away. SpongeBob soon does many fun things with it, and makes Squidward very jealous.