Mr. Krabs wants to give his daughter Pearl the best birthday ever. While he works on the party, SpongeBob is assigned the task of figuring out what Pearl would like for a present. So he trails her through the Bikini Bottom mall and takes note of everything she thinks is "Coral." Once Pearl arrives at her party she is horrified to find that her dad's miserly ways have won out again. What was supposed to be the most fun and fabulous event ended up cheap and lame. It looks like Pearl's birthday will go down in history as the worst one ever - until SpongeBob shows up with a truck-load of presents. Everything Pearl looked at in the mall was so Coral that SpongeBob bought it all - maxing out Mr. Krab's credit card in the process.

SpongeBob receives an invitation to take part in a competition on mysterious Karate Island for the chance to be crowned "King of Karate." SpongeBob and Sandy arrive at Karate Island and it turns out that it was just all a set-up to make SpongeBob buy real estate.