Calvin asks Susie what the teacher is handing out. Susie tells him it's their report cards. Calvin asks if they're being graded. Susie replies yes. Calvin asks if they don't get a few practice semesters.

Calvin tells Dad he has his report card. Dad asks to see it. Calvin reminds Dad that he once said it didn't matter what grade you got, as long as you were trying your hardest. Dad looks at the card and yells Calvin could be trying harder than this. Calvin then asks if Dad admits to lying before.

Calvin complains that Dad says the report card shows not enough time is spent on homework. From now on, the time from dinner to bedtime is homework time. Calvin says that's unfair. He thinks if he finishes it faster than that, he shouldn't have to stay in his room. Hobbes is sitting at the desk writing Calvin's homework. Hobbes asks if he can help it if he's so fast.