It looks just like a regular Krabby Patty, but costs a different price and is only sold to a certain group of people.
Role in episode
Patrick wants an Executive Treatment, but Squidward says to him that only executives can eat it. Patrick pays twenty dollars for a tie and business glasses that Squidward had to look like a businessman and eat it, but executives take him to a meeting, thinking he was a real executive.
At the jail, SpongeBob learns that Patrick is in charge of the laundry room. As that made him an executive, he goes there to serve Patrick the Executive Treatment.
SpongeBob wears a different tie when he serves it.