When Beaver loses his lunch money more times that Ward cares to count, he lectures Beaver about the importance of responsible money management. At first it seems that the Beaver takes Ward's word to heart, but when he accidentally loses his money for a haircut, he frantically turns to Wally for help. However, Wally accidentally scalps Beaver when he gives him a free haircut, resulting in the boys having a hard time keeping it from Ward and June.