Moe tries to extort some money from Calvin. Calvin tells Moe he's not giving him any money. In fact, he says he doesn't even have any. Moe readies a punch. Calvin suddenly remembers he has some money and flips it to Moe. Calvin comments that for a kid with a monosyllabic vocabulary, Moe is awfully persuasive.

Calvin tells Hobbes his plan to put Moe out of commission. The plan involves coming to school with Calvin and eating Moe when he comes to steal Calvin's money. Hobbes doesn't think he could eat him. Calvin wonders what the problem is. Hobbes replies that fat kids are high in cholesterol. Calvin cries that Hobbes can just chew him and spit him out.

Mom decides to call the school to stop Moe's extortion. Calvin tells her not to, that he'll be a goner if Moe finds out he squealed. Mom is firm that Moe can't get away with stealing, something needs to be done. Calvin gives Mom a list of what he's wearing and tells her he'll see her at the morgue.

Moe gives Calvin the quarter he "borrowed" from him the day before. Moe says someone told on him, and it will be a dark day for whoever it was if Moe finds out who. Calvin looks at his quarter. He decides he should use it to call his insurance agent.