Fred's parents pay a visit, as Rentaghost embark on a new venture in storage, using Claypole's powers to shrink objects. Unfortunately his mischievous side becomes dominant and he decides to shrink Fred and Mr Meaker too.
Mr Meaker hires an efficiency expert to evaluate Rentaghost, who promptly dismisses Fred. Claypole casts a King Midas spell on Mr Meaker, ensuring that everything he touches turns to gold, literally.