During an intense day at work a customer orders a monster Krabby Patty and SpongeBob tries to make flip it. As a result, Spat is crushed and smashed and than SpongeBob starts crying like crazy. With his favorite kitchen implement out of commission, SpongeBob searches for a temporary replacement (even though he thought death fate spatula could replace Spat.) SpongeBob finds "Le Spatula", the latest in state-of-the-art cooking tool. The sleek and modern Le Spatula dazzles SpongeBob so completely that he will do anything to own one. But will this fancy gadget fill the void that was left by his old trusty spatula? After selling everything, SpongeBob attains Le Spatula from the man from the store. He shows him off to Mr. Krabs, and, later, before he flips a patty, he refuses. He says it is disgusting, and that he and SpongeBob aren't friends at all. He then suddenly grows robotic legs and runs off. Mr. Krabs confronts SpongeBob, and SpongeBob runs off to the hospital, where old Spat lays. He suddenly runs out of life as SpongeBob watches, and SpongeBob cries in agony. Then a doctor appears, and, after some conversation, tells him that's not his spatula, and that Spat is in the infirmary. SpongeBob runs over to Spat, but Spat turns away from SpongeBob. SpongeBob cries he's sorry for buying Le Spatula, claiming it was his moment of weakness. SpongeBob rolls in a fit of tears as he goes back to the Krusty Krab. He cries in the kitchen, but suddenly, he hears patties flipping, and sees Spat flipping Krabby Patties on the grill, and he cries in joy. Apparently, he forgave him. Suddenly, another Monster Krabby is ordered. The two try to hopefully succeed in flipping it. Suddenly, SpongeBob's arms break off. He ends up laughing, and the episode ends.
According to the storyboard, after Mr. Krabs said "Go before I lose all me customers," he would cry a tear drop saying "Me Money," then Squidward would ask "What Happened?" and then Mr. Krabs replays "I don't know." This was mostly cut to save time.
"All That Glitters" was ranked #12 during the Best Day Ever event on November 9–10, 2006.
All That Glitters has recieved negative reception from fans and critics due to the harsh treatment the spatula gave SpongeBob. PIEGUYRULZ described the episode as "predictable as all get out," "a particularly frustrating episode," and rated it as a ScumBob episode (which means a bad episode).
MoBroStudios has considered the part where Le Spatula punches SpongeBob, insults him, and spits on him before running away one of the show's meanest moments.