Mr. Burns dreams about his childhood. He used to own a bear called Bobo, but gave it up for a lifetime of riches. His birthday is also coming up, but all Burns really wants is his teddy bear.
His party is ruined by Homer's awful comedy roast and Homer is beaten up. When Bart goes to the Kwik-E-Mart to get a bag of ice for Homer's injuries, Bart finds the bear inside and gives it to Maggie.
Homer realizes that Maggie's bear is Bobo, and negotiates a reward with Burns. However, Homer gives the bear back to Maggie because she is attached to it. Burns tries several methods to get his bear back, but fails. He eventually gives up, and tells Maggie to take care of Bobo for him. As he walks away, Maggie gives Burns the bear back, and he is happy.