When SpongeBob finds an old, blackened and moldy patty under the grill he tries throwing it out, however, Mr. Krabs will not let him and orders him not to make another patty until that one is sold. This results in the Krusty Krab losing many weeks worth of business. Squidward tells him that the patty has gone bad but Eugene dismisses such a notion. He decides to prove it by eating the patty. Before he eats it, he sees an ambulance passing the Krusty Krab. He eats the old patty and he is rushed to the hospital minutes later.
Soon in the hospital, the Flying Dutchman appears to condemn him in Davy Jones' Locker. Mr. Krabs falsely claims his name is "Harold Flower" but the Dutchman gets confirmation from the nurse that he is lying. When they arrive at the locker, Mr. Krabs begs to be freed, and the Dutchman does, as long as he will be always generous from there on.
Returning to the Krusty Krab, Mr. Krabs begins to treat everyone nicer with the "employee lounge" and free refills. SpongeBob and Squidward become concerned when Mr. Krabs isn't the least bit phased when he receives a $10,000 hospital bill and doesn't have any money in the register to pay for it. When they tell Mr. Krabs how weird he's been acting, he claims that he is just dreaming and that there is nothing to worry about. After SpongeBob tells him otherwise, he realizes that the whole thing was reality. He revokes all the free things he gave to the customers and threatens to rip off one's arm over a penny. The Dutchman returns to take him back to the Locker. But SpongeBob bets that Mr. Krabs is generous, and bets that he would pick him over all the money in The Dutchman's pocket. Mr. Krabs promptly takes the money, sending SpongeBob to Davy Jones' Locker. Squidward is shocked at Mr. Krabs out for selling SpongeBob's soul for 62 cents and chews him out. Mr. Krabs sees the error of his ways and rejects the money. The Flying Dutchman returns with SpongeBob to return him, not because of Mr. Krabs' repenting, but because SpongeBob was too annoying.
This episode was originally planned to premiere on July 7, 2003. However, due to new episode delays, it was rescheduled to October 4, 2003.
This episode aired in Germany on September 22, 2003, before it aired in the USA.
The time card that has characters on it are on is similar to the chapter cards from the video game, Employee of the Month.
In "Patty Hype," Mr. Krabs expresses concern for tainted patties when he thinks that the green painted patty is spoiled and tries to burn it. Yet in this episode, he has no concern for the old rotten patty and wants it sold like any other patty that would be fresh. So this episode could've taken place before "Patty Hype."
Mr. Krabs' pretend names may vary among country to country. In English, Mr. Krabs calls himself "Harold Flowers."
In the Hebrew version of this episode, Mr. Krabs says that his name is "Shimon Vaza" (which means "Simon Vase").
In the Brazilian version, Mr. Krabs says to The Flying Dutchman that his name is "Harold Flores" (Harold Flowers). Flores is an actual last name in Brazil.
In the German version, Mr. Krabs says that his name is "Benjamin Blümchen," referencing an iconic children's cartoon character his voice actor is known for in Germany and also voices Mr. Krabs in the German dub.
In this episode, Mr. Krabs nearly rips off a customer's arm for a penny. In "Sleepy Time," he lands Moby Dollar in a dream sequence, but tells SpongeBob to "never mind" the small change (when it spouts pennies). It may be because this time, he has no money at all and is desperate to pay the bill. However, it can also mean that he values the larger currency in comparison to the pennies that Moby Dollar is spitting out.
The Flying Dutchman says "parsimonious penny-pinching" when referring to how Mr. Krabs nearly ripped a man's arm off over a penny. Parsimonious is another word for stingy or thrifty.
The Flying Dutchman has six coins that added up to 62 cents. One possible combination is two quarters, two nickels, and two pennies.
In the Russian version, Mr. Krabs sells SpongeBob for 68 cents instead of 62.
Squidward seems to be nicer to SpongeBob in this episode, especially when Mr. Krabs sells him for 62 cents.
In this episode, Squidward yells at Mr. Krabs for trading away SpongeBob for 62 cents to the Flying Dutchman, exclaiming that it was wrong, even though Squidward hates SpongeBob, but it should be noted that he stated he could not believe he was going to say that showing that despite him hating SpongeBob a lot, he would not have traded SpongeBob away like what Mr. Krabs did if the latter stuck up for him (he also admitted that he sort of liked SpongeBob in the episode "Graveyard Shift").
This episode is currently the only episode where Mr. Krabs actually does directly disgraces his money at some point of the series. He states "I don't want that foul money" and would rather want "SpongeBob back."
The scene where Krabs says "You have me word as a sailor" and the scene in the Krusty Krab where a giant 'Grand Re-Opening' sign is hanging was cut in Indonesia. Like other episodes that currently aired in Indonesia, this was done likely due to time constraints due to being aired along with ads that last for 5 minutes.
This is the first (and so far only) episode that shows a time card with SpongeBob, Patrick, Squidward, and Mr. Krabs on it.
This is the first episode to reference Mermaid Man and Barnacle Boy without them appearing, the second will be "Have You Seen This Snail?"
This is the second time Squidward stands up for SpongeBob, the first being "Krab Borg."
Mr. Krabs trading SpongeBob to the Flying Dutchman for 62 cents is a reference to Judas Iscariot, who betrayed Jesus for 30 pieces of silver.
When Mr. Krabs screams and his head keeps reappearing, this is a reference to the Russian Matryoshka stacking dolls.
In one scene it shows Squidward flicking the bun off the patty and telling SpongeBob to give him a different patty, but when the view is back to the patty, the bun is back on the patty.
Even those Mr. Krabs made it a rule to not serve any normal Krabby Patties until the rotten patty is eaten, Squidward attempts to serve a customer the rotten patty and there are other people eating in the background.
They could have been eating other items on the menu besides Krabby Patties.
For one frame, Squidward's hand appears to be detached from the rest of his arm.
The door Mr. Krabs enters the office through after being revived does not exist in other episodes.
When Mr. Krabs says "You have me word as a sailor," the closed-captioning shows "You have my word as a sailor."