Patrick realizes that he has never won any awards in his life, so he decides to copy everything that SpongeBob does. SpongeBob has won countless awards, so Patrick is sure that he will win one.

When no one will play with SpongeBob, he creates his own bubble buddy, but it causes many problems around town.

While at a jellyfishing fan convention, SpongeBob meets Kevin C. Cucumber, who gives him a chance to see if he can join his club, The Jellyspotters. However, SpongeBob is unaware that Kevin is only trying to make a fool out of him, but soon discovers the truth after the club attacks him with a robotic queen jellyfish.

Sandy and SpongeBob get into a fierce competition doing extreme underwater sports.

SpongeBob and Patrick find out that you can borrow anything without permission as long as you return it, or that's what wise Mr. Krabs says. SpongeBob and Patrick want a balloon, but neither one has any money, so they "borrow" it and it pops. They decide to run away and live like criminals, because they think they're now "thieves."

Mr. Krabs falls in love with Mrs. Puff.